Scalper1 News
IBM last year passed on acquiring Rackspace Hosting and opted instead to acquire cloud-services provider SoftLayer, a deal analysts say is working out so well that IBM again is likely to take a pass on acquiring Rackspace. In May, Rackspace (RAX) said it hired Morgan Stanley to advise on a possible company sale or partnership. But IBM’s (IBM) $2 billion purchase of Dallas-based SoftLayer has put its cloud-computing strategy on a fast track, Scalper1 News
Scalper1 News