Friday, August 26, 2016

Rackspace to go private after $4.3B acquisition by private equity firm Apollo

rackspace-earnings Rackspace, which is still best known as a hosting company even as it has expanded aggressively into offering services for businesses that use other platforms, went public in 2008. Now, however, it’s going private again after accepting a $4.3 billion offer (or $32 per share) in cash from private equity firm Apollo Global Management. The deal is still subject to regulatory approval and… Read More

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