Akamai to buy Intervu for $2.8 billion

Akamai Technologies Inc. in Cambridge, Mass., said today it has signed a definitive agreement to acquire Intervu Inc., a streaming audio and video company. The all-stock transaction will be worth about $2.8 billion, Akamai said in a statement.

The merger is aimed at creating the largest streaming media and content delivery company on the Internet, according to the statement.

The combined company will have more than 3,000 servers in 100 networks across 40 countries, Akamai said.

Intervu is based in San Diego.

The deal is expected to be completed by midyear.

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