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TechCrunch walks back Rackspace going-private story

Jul. 02, 2014 3:13 PM ETRackspace Hosting, Inc. (RAX) StockRAXBy: Stephen Alpher, SA News Editor2 Comments
  • "We've tried to make clear that we're reporting an unconfirmed source here, but an interesting angle nonetheless," says TechCrunch, updating this morning's story suggesting Rackspace (RAX +6.4%) is in talks with a P-E firm about taking itself private.
  • Far more skeptical, Dealreporter says it received a note with similar wording to that of the TechCrunch story, but didn't believe the source.
  • Though off the highs a bit, Rackspace nevertheless continues to post a sharp gain on the session.

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