Cloud Computing: Rackspace eyed by another suitor

Grazed from Bizjournals. Author: Mike W. Thomas.

Rackspace Hosting Inc. is still generating buzz in the technology industry about a potential takeover. The San Antonio-based managed hosting and cloud computing company announced earlier this year that it was looking at “strategic proposals” and had retained the services of investment banker Morgan Stanley to evaluate the proposals and explore any other alternatives.

The latest company to be touted as a potential buyer is Monroe, La.-based CenturyLink, a multinational communications company that provides services to residential, business, governmental and wholesale customers. Analyst David Phipps tells Motley Fool that a merger with Rackspace would double CenturyLink’s service revenue and increase overall revenue growth for both companies…

Read more from the source @ http://www.bizjournals.com/sanantonio/blog/morning-edition/2014/06/rackspace-eyed-by-another-suitor.html