Cloud services company Rackspace Technology (NASDAQ: RXT) was a hot ticket on Monday after a media report that a high-profile peer is in talks to buy a minority stake in the company. The Reuters report, which is based on information from "people familiar with the discussion," said the interested party is no less than Amazon (NASDAQ: AMZN). Owning a piece of Rackspace would theoretically be advantageous for Amazon Web Services (AWS), the lucrative cloud computing business operated by the retailer. Read More...
Report: Amazon in Discussions to Buy Minority Stake in Rackspace
Cloud services company Rackspace Technology (NASDAQ: RXT) was a hot ticket on Monday after a media report that a high-profile peer is in talks to buy a minority stake in the company. The Reuters report, which is based on information from “people familiar with the discussion,” said the interested party is no less than Amazon (NASDAQ: AMZN). Owning a piece of Rackspace would theoretically be advantageous for Amazon Web Services (AWS), the lucrative cloud computing business operated by the retailer.
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