Bankrupt Media Firm Edgio Gets Court Approval for $180M Sales

Media content delivery company Edgio Inc., in which private equity firm Apollo Global Management Inc. held a stake, won court approval for major asset sales at a Monday hearing.

• The combined sales will deliver more than $180 million to the bankrupt company, said Tyson Lomazow, an attorney for Edgio
• US bankruptcy Judge Karen B. Owens said she’s prepared to approve the sales once the debtor files revised forms of order to address concerns of some vendors
  • If other issues come up, the parties could come back to court, she added
• Among the transactions, Akamai Technologies, Inc. will buy assets ...