TechCrunch walks back Rackspace going-private story

|About: Rackspace Hosting, Inc. (RAX)|By:, SA News Editor

"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.