August 26, 2016 Sophia Vida
Hot Stocks

Apollo Global Will Buy Rackspace (RAX) For $4.3 Billion

Rackspace is about to go private after it was revealed that Apollo Global, a private-equity firm, has agreed to buy the cloud-computing company in a $4.3 billion deal. It was only on August 3rd that reports surfaced that Rackspace was looking to sell itself. The company announced on Friday that Rackspace would be acquired for … Continue reading “Apollo Global Will Buy Rackspace (RAX) For $4.3 Billion”