A private equity firm has signed an agreement to buy major cloud player Rackspace for $ 4.3 billion.
“Our board, with the assistance of independent advisors, determined that this transaction, upon closing, will deliver immediate, significant and certain cash value to our stockholders,” said Graham Weston, co-founder and chairman of Rackspace, in a statement. “We are also excited that this transaction will provide Rackspace with more flexibility to manage the business for long-term growth and enhance our product offerings.”
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Cloud player Rackspace goes private in $4.3B deal
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