(Reuters) - Apollo Global Management LLC (>> Apollo Global Management LLC) said on Friday it would buy cloud services provider Rackspace Hosting Inc (>> Rackspace Hosting, Inc.) in a deal valued at $4.3 billion, as the private-equity firm increases its investments in the technology sector.
(Reuters) - Apollo Global Management LLC (>> Apollo Global Management LLC) said on Friday it would buy cloud services provider Rackspace Hosting Inc (>> Rackspace Hosting, Inc.) in a deal valued at $4.3 billion, as the private-equity firm increases its investments in the technology sector.
The $32 per-share-offer represents a premium of 6 percent to Rackspace's Thursday closing price.
By Narottam Medhora
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5d. change
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Capi.
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| - USD | -.--% | +0.22% | 0 | ||
| 40.06 USD | -2.01% | -0.30% | 63.76B | ||
