Parler Acquires Select Edgio Assets for $7.5 Million

On February 6th, the U.S. Bankruptcy Court approved the sale of select Edgio assets to Parler for $7.5 million. Parler plans to hire 120 former Edgio employees. The company acquired assets in approximately 25 global locations out of the roughly 160 locations in Edgio’s footprint. I will provide more details on the assets acquired and what Parler will use them for soon. The sale of non-overlapping Edgio assets to Encore Technologies for $2.5M was also approved.