Source: Rackspace Wants To Take Itself Private | TechCrunch

tbd if this is a negotiating tactic in ongoing discussions with HP, IBM, and other potential acquirers

"Following the likes of Dell in turning away from public market accountability while it focuses on developing its business in a fast-changing tech world, we have heard from a source that Rackspace has been negotiating with a private equity firm to borrow capital for the deal, with a plan to make an official announcement as soon as this week (keep in mind that we’re hurtling to a public holiday in the U.S.).

“The pressures of being a public company are too much,” another source within the company noted."

Source: Rackspace Wants To Take Itself Private | TechCrunch