Tech Company M&A Transactions
Rackspace Technology Acquisition
On 8/26/2016, Rackspace Technology was purchased by Apollo Global Management. Apollo Global Management said the transaction price was $4.3 billion.
Transaction Overview
Company Name
Acquired By
Announced On
8/26/2016
Transaction Type
M&A
Amount
$4,300,000,000
M&A Terms
Rackspace sold for $4.3 billion ($32 per share) in cash. With this transaction, Rackspace, which went public in 2008, will become a private company again.
Company Information
Company Status
Publicly-held
Industry
Infrastructure
Mailing Address
1 Fanatical Place
San Antonio, TX 78218
USA
San Antonio, TX 78218
USA
Phone
Website
Email Address
Overview
Rackspace Technology (Nasdaq: RXT) was founded on the principle that we would be a different kind of company to do business with -- focusing on the customer, not just technology.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Kevin Jones
Chief Financial Officer
Dustin Semach
Chief Operating Officer
Subroto Mukherji
Chief Technical Officer
Tolga Tarhan
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We record every notable VC transaction. VC investment data records reported here are derived from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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