Akamai and AT&T Announce Alliance and 2 Hot Stocks Buzzing Today

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Akamai Technologies Inc (NASDAQ:AKAM) and AT&T (NYSE:T) announce their alliance to deliver Content Delivery Network solutions to companies initially in North America, and thereafter globally within 12 months. According to the press release, Akamai’s acclaimed content delivery platform will combine with AT&T’s IP network to offer a suite of global CDN and telecom solutions that will help enterprises simplify content distribution management, and improve the end user experience for consumers accessing content on the Internet.

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VeriSign Inc (NASDAQ:VRSN) files form 8K announcing that repurchase of about $458.8 million of its common stock, in addition to $541.2 million left over from its previous 2010 share buyback program, making up a total repurchase authorization of up to $1 billion of common stock.

MGM Resorts International (NYSE:MGM) announces cash tender offers and consent solicitations in respect of its outstanding senior secured notes which carry interest rates from 9% to 13%, the total consideration for which would be paid through a $4 billion senior secured credit facility and a $1 billion offering of senior unsecured notes.

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