News Formal

Rackspace shares surge on report that Amazon is in talks to invest in company

  • 📰 CNBC
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Reuters reported Monday that Amazon is interested in acquiring a minority stake in Rackspace, which helps companies shift their data to Amazon Web Services.

Trading was briefly halted due to volatility after theThe Reuters report said that Amazon is interested in acquiring a minority stake in Rackspace, which helps companies shift their data to Amazon Web Services .

Rackspace held its IPO earlier this month. Private equity firm Apollo Global Management is the majority owner of Rackspace.Spokespeople for Amazon, Rackspace and Apollo did not immediately respond to a request for comment.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

eBay exec explains the marketplace's edge over rivals like Amazon - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 😂😂😂 EBay eBay selling fees are RIDICULOUS. eBay is so 1996
Source: BusinessInsider - 🏆 729. / 51 Read more »