Rackspace replaces CEO, no longer looking for M&A opportunities

Rackspace replaces CEO, no longer looking for M&A opportunities   Managed cloud company Rackspace has announced earlier today that it has ended its "evaluation of M&A transactions", in other words, it was no longer looking to sell itself formally.The company started a process back in May 2014 after it was approached by a number of undisclosed parties looking to "explore" strategic relationships that ranged from partnerships to outright acquisitions. Read more >