Rackspace Hosting close to private equity takeover - report

Friday 5 August 2016 | 09:33 CET | News
Rackspace Hosting is nearing a sale to a private-equity firm, and a deal could be reached as soon as this week, people familiar with the matter told the Wall Street Journal. Rackspace has a market value around USD 3 billion. In 2014, the company said it had hired bankers to help evaluate expressions of interest. Later that year, Blue Harbour Group disclosed a sizable stake in Rackspace, and it now hold over 9 percent in the company.

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Categories: Fixed
Companies: Rackspace
Countries: World
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