AKAM · 8-K · 20260924PR401048

Acquisition / Partnership / Divestiture

AKAMAI TECHNOLOGIES INC · 2026-09-24 · Importance 71 · Surprise 42 · In source text

Akamai announced a seven-year, $11.6 billion contractual commitment with Anthropic to support CPU workloads using Akamai Cloud. The relationship could expand by up to another $9 billion within the seven-year term, bringing the potential commitment to approximately $20 billion. Akamai issued Anthropic a warrant for shares representing up to approximately 5% of Akamai’s common stock outstanding; approximately 2% is expected to vest with the announced commitment, and the remaining approximately 3% would vest as the relationship expands.

Key facts

• The remaining approximately 3% of the warrant would vest as the commitment successfully expands by up to an additional $9 billion within the warrant’s seven-year term. source
• Akamai issued Anthropic a warrant to purchase non-voting convertible Series B Preferred Stock representing 7.7 million Akamai common shares on an as-converted basis, at an exercise price of $111.33 per common share. source
• Each additional $3 billion purchase of cloud services, on mutually agreed terms, will result in vesting of approximately 1% of Akamai’s common stock outstanding under the warrant. source
• The warrant could represent up to approximately 5% of Akamai’s common stock outstanding. source
• Approximately 2% of Akamai’s common stock outstanding under the warrant is expected to vest in connection with the announced $11.6 billion commitment. source

Impact estimates