After a month of renewed speculation about an acquisition, a group of investors led by Apollo Global Management said Friday they had agreed to purchase Rackspace Hosting for $4.3 billion and take the cloud provider private.
The firm pulled the trigger on purchasing the San Antonio-based cloud provider that’s been testing the market for the better part of more than two years for a premium of 38 percent over the company’s closing stock price on Aug. 3, the day news first broke of a potential deal.
