Level 3 Communications agreed to acquire the Content Delivery Network (CDN) services business of SAVVIS, for $135 million in cash. The deal includes certain network elements, customer contracts, and intellectual property used in SAVVIS' CDN business. SAVVIS' CDN services business, based in Thousand Oaks, California, with approximately 50 employees and over 100 customers, provides solutions that improve performance, reliability, scalability and reach of customers' online content. The business was initially launched in 1996 as Sandpiper Networks...
