Aug 5, 2016 : Rackspace May be in Acquisition Talks


📅 - The Wall Street Journal has reported that Rackspace may be sold to a private equity firm very soon. The shared of the company have gone up nearly 17% and the San Antonio based company has been in talks with a private equity firm putting a value of $4 billion on the company.

Rackspace was exploring the same option two years ago, but didn't sell. However, they have expanded their portfolio since and may be ready to sell now.

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Reads: 842 | Category: General | Source: TheHN : The Hosting News

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