Delivery and consulting company Limelight Networks, Inc. announced an agreement to acquire online advertising developer EyeWonder, Inc. Under the terms of the agreement, EyeWonder's shareholders will receive a combined consideration of approximately $110 million, including $62 million in cash and 12.74 million shares of Limelight's common stock, plus an additional 4.86 million shares of stock in 2011 pending EyeWonder's achievement of certain financial goals.
Launched in 1999, EyeWonder developed a monetizing solution for advertisers and marketers that is projected to service over $500 million in media spending in 2009. The two companies announced that the acquisition grew out of a long-term partnerships. Several key EyeWonder employees will also move to positions in Limelight Networks.