The Irrational One
More at the source.Apollo Global, a private-equity firm, has agreed to buy Rackspace in a $4.3 billion deal that would take the cloud-computing company private.
Rackspace will be acquired for $32 per share in cash, it said in a statement on Friday. That's a 38% premium to Rackspace's closing price on August 3, and 6% above the stock's closing price on Thursday. On August 3, reports surfaced that Rackspace was in talks to sell itself