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The Take: Rackspace stock takes a dip and Apple reports big sales of iPhone 6
2014-09-16 16:41:25| IT Services - Topix.net
Shares of Rackspace Hosting fell 4.2 percent in early market trading to $36.91 after being downgraded from "overweight" to "neutral" by JPMorgan Chase. The firm cited a potential upside as high as $50 a share if a proposed sale to CenturyLink happens, versus a fall back to the pre-sale level of $30 if nothing happens.
The Take: Rackspace stock takes a dip and Apple reports big sales of iPhone 6
2014-09-16 16:04:34| Telecom - Topix.net
Shares of Rackspace Hosting fell 4.2 percent in early market trading to $36.91 after being downgraded from "overweight" to "neutral" by JPMorgan Chase. The firm cited a potential upside as high as $50 a share if a proposed sale to CenturyLink happens, versus a fall back to the pre-sale level of $30 if nothing happens.
Is CenturyLink Eyeing Rackspace?
2014-09-12 09:34:17| IT Services - Topix.net
Just when you thought there weren't any potential buyers for Rackspace Hosting Inc., one has reportedly surfaced. Telecommunications company CenturyLink Inc. is seeking to acquire San Antonio-based Rackspace to further expand into -computing services, Bloomberg News reported late Sunday.
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Report: CenturyLink Eyeing Rackspace
2014-09-11 12:38:38| Telecom - Topix.net
Just when you thought there weren't any potential buyers for Rackspace Hosting Inc., one has reportedly surfaced. Telecommunications company CenturyLink Inc. is seeking to acquire San Antonio-based Rackspace to further expand into -computing services, Bloomberg News reported late Sunday.
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CenturyLink in talks to buy RackSpace - report
2014-09-08 08:29:00| Telecompaper Headlines
(Telecompaper) US operator CenturyLink is seeking to acquire Rackspace Hosting to further expand into cloud-computing services, people familiar with the situation told Bloomberg. CenturyLink has discussed the idea with Rackspace, which last month said it was still conducting an internal review of its strategic options. Rackspace had a stock-market valuation of USD 5.33 billion at the end of last week. CenturyLink would reportedly pay n a combination of cash and its own shares. Rackspace hired Morgan Stanley earlier this year to seek strategic options and explore ways to expand the business after the company said it had been approached by multiple groups interested in a partnership or acquisition.
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