Apollo Global to buy Rackspace Hosting in $4.3 billion deal

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.

Read Full Article: http://techoptimals.com/2016/08/26/apollo-global-acquired-rackspace-hosting/

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