San Francisco (Reuters) – A report on Wednesday, Akamai Technologies Inc suggests that acquired by Google Inc, is unfounded according to people familiar with the matter.

Akamai shares rose more than 11 percent at one point in the trading session on Wednesday following reports in the Business Technology Blog that covers “the source of many advertising technology” that is not specified.

Sources familiar with the matter told Reuters that reports about the business were completely unfounded.

Representatives of Google and Akamai said the company does not comment on rumors.

Shares of Akamai, which is more than 50 percent from a 52 – week $ 54.65, which most of an hour after the profit which they have later on Wednesday and traded increased by $ 2.9 to. 24.04.

Help Akamai’s services to optimize the website perennial rumors of a takeover offer. Weeks was reported that the company was acquired by Verizon Communications or International Business Machines Corp. said Mark Kelleher, an analyst with Dougherty & Company.

“Ever since I can remember I have a theory that may occur in” and receive Akamai, he said.

(Reporting by Alexei Oreskovic, editing by Richard Chang and Carol Bishopric)