Wednesday, September 17, 2014

Rackspace No Longer for Sale, Names New CEO | Re/code

tbd if this is a Rackspace negotiating tactic

"The moves bring an end to what had been a drawn-out process in which numerous companies were suggested as possible suitors. IBM, Cisco Systems, Hewlett-Packard and CenturyLink were all rumored to have been in the running at one time or another. All of them save CenturyLink had taken themselves out of contention with public statements or by simply ignoring the deal chatter. And CenturyLink had rather long odds against getting a $7 billion deal for Rackspace done on favorable financing terms."
Rackspace No Longer for Sale, Names New CEO | Re/code
Post a Comment