$AKAM (AKAMAI TECHNOLOGIES) — 8-K: Akamai inks $11.6B seven-year Anthropic deal, potential total commitment near $20B

Akamai announced an $11.6 billion multi-year contractual commitment with Anthropic over seven years, with potential expansion of up to an additional $9 billion for a total potential commitment of approximately $20 billion. Akamai issued Anthropic a warrant for 7.7 million shares of common stock on an as-converted basis, up to approximately 5% of shares outstanding, at an exercise price of $111.33 per share; approximately 2% is expected to vest with the announced commitment, and each additional $3 billion of cloud services purchases vests approximately 1%. Total capital expenditures tied to the commitment are estimated at approximately $5.5 billion, with no impact to 2026 revenue guidance and an increase of approximately $1.7 billion in 2026 capital expenditures.

Akamai announced an $11.6 billion multi-year contractual commitment with Anthropic over seven years, with potential expansion of up to an additional $9 billion for a total potential commitment of appr