Rackspace Stock Climbs After Sales Talks Reported

Rackspace stocks rose 16.91 percent to $31.03 overnight.  Reports from the Wall Street Journal indicate that the San Antonio based cloud company could be closing a deal this week with one or more private equity firms. The company has been valued at $4 billion, in a recent report.

Rackspace recently added support and managed services for some of the popular clouds, including Amazon Web Services, to it’s portfolio.

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Source: TheHN