Another cloud storage stock bites the dust as CenturyLink (CTL) acquires SAVVIS (SVVS) for...

|By:, SA News Editor

Another cloud storage stock bites the dust as CenturyLink (CTL) acquires SAVVIS (SVVS) for $2.5B, or $40/share, an 11% premium. CenturyLink is the third largest telecom provider in the U.S.; the deal gives it more enterprise heft to compete with AT&T (T) and Verizon (VZ).