Rackspace jumps after Apollo Global buys it in $4.3 billion deal

Cloud company Rackspace on Friday announced that it has entered into a $4.3 billion cash deal with affiliates of Apollo Global Management to become a private company. Shares of the cloud-computing company climbed more than 4 percent following the announcement. Rackspace agreed to be acquired for $32 per share. “We are presented with a significant […]