Deals
Rackspace Rises After Report It’s Close to Being Sold to PE Firm
This article is for subscribers only.
Rackspace Hosting Inc. soared the most in more than two years after the Wall Street Journal said it was near a deal to be sold to a private-equity firm.
The reported talks come two years after the provider of cloud-computing services said it had hired banks to explore strategic options as it struggled to compete in an increasingly competitive market.