W3Schools

The Wall Street Journal: Rackspace said to be near sale to private-equity firm

Rackspace Hosting Inc. is nearing a sale to a private-equity firm, two years after the cloud-computing company said it would explore a deal amid heightened competition in the fast-growing market.

The San Antonio-based company is in advanced talks with one or more private-equity firms, and a deal could be reached as soon as this week, according to people familiar with the matter.

Rackspace RAX, +14.64% had a market value of $3 billion on Thursday afternoon before The Wall Street Journal reported on the possible sale, meaning that with a typical takeover premium, the company could be valued at as much as $4 billion.

>>> Original Source <<<

Comentários