Verizon is reportedly acquiring EdgeCast for $350 million

Verizon is trying to provide more ways to stream various types of content over its network as evidenced by its recent acquisition of UpLynk. Now the company is reportedly acquiring another digital media streaming service called EdgeCast.

Verizon is looking to get deeper into the content delivery business with the acquisition of Los Angeles-based CDN provider EdgeCast Networks, TechCrunch has heard. Owning EdgeCast, and combining it with the carrier’s global network backbone COMMA will give Verizon access to EdgeCast’s big-name CDN clients while also extending its reach.