Trending Now - Akamai Plans $2.6B Convertible Bond Sale, Stock Buyback Included

WHO:

Techmeme - Akamai Technologies Inc. is the organization involved in the bond offering.

WHAT:

Techmeme - Akamai is seeking to raise $2.6 billion in a convertible bond offering.

Techmeme - Akamai plans to use $350 million of the offering to buy back its common stock from buyers of the bonds.

Bloomberg Markets - Akamai is seeking to fund spending on cloud computing infrastructure.

HOW:

Techmeme - The method of raising funds is through a convertible bond offering.

(UPDATED May 18, 2026 23:22 UTC)

Akamai Technologies Inc. is set to raise $2.6 billion through a convertible bond offering, with plans to allocate $350 million of that amount to buy back its common stock from bond buyers. The company aims to use the funds to support its spending on cloud computing infrastructure. This strategic move highlights Akamai's commitment to enhancing its technological capabilities in a competitive market.