Bloomberg Reports CenturyLink is Considering Acquiring Rackspace

Rackspace Hosting’s stock closed up nearly 7 percent on Monday after Bloomberg News reported the company was talking to CenturyLink, a Louisiana-based Internet and telecommunications company, about a possible buyout. Rackspace’s stock, traded under the symbol RAX on the New York Stock Exchange, closed at $39.79 on Monday. Citing sources familiar with the talks, Bloomberg […]