Succumbing to Amazonian Cloud Rivals, Rackspace Goes Private

Updated on
  • Apollo agrees to buy cloud-services provider for $4.3 billion
  • Financial muscle, scale of Amazon, Microsoft, Google too much

Apollo Agrees to Buy Rackspace in $4.3 Billion Deal

Low online prices and convenience offered by Amazon.com Inc. usually hammers rival retailers. Now it’s happening in the world of corporate IT services.

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