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Rackspace (RAX -1.7%) is turning into a compelling M&A target, a Bloomberg column suggests,...

Rackspace (RAX -1.7%) is turning into a compelling M&A target, a Bloomberg column suggests, albeit without reporting on any specific interest. The article notes the increasingly competitive market for cloud infrastructure services, in which Rackspace is #2 behind Amazon (AMZN), is expected by Gartner to grow to $10.5B in 2014 from $3.7B in 2010. However, with a current market cap of $6B, Rackspace wouldn't come cheap, and the company claims it's not for sale.
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