Seeking Alpha

TechCrunch walks back Rackspace going-private story

  • "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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Comments (2)
  • Siwanoy
    , contributor
    Comments (717) | Send Message
     
    This stock performs like a drunk in a barroom dart game. Better duck. Too bad, it's a great company.
    3 Jul 2014, 06:39 AM Reply Like
  • Faxbot
    , contributor
    Comments (357) | Send Message
     
    Calls and puts friend, calls and puts.
    3 Jul 2014, 08:22 AM Reply Like
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