What impact did the news about CenturyLink's interest in acquiring Rackspace have on Rackspace's shares?
Rackspace Ends Strategic Review, Names New CEO
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Rackspace announced plans to remain independent, causing a 17% drop in shares. Previously, shares spiked due to rumors of a CenturyLink acquisition, which would have helped CenturyLink compete with Amazon in cloud services. Rackspace, however, decided to continue independently and appointed Taylor Rhodes as the new CEO. Despite these changes, Rackspace shares remain flat year-to-date.
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5 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What recent decision did Rackspace make regarding its independence?
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
What was the potential benefit for CenturyLink if they had acquired Rackspace?
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4.
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3 mins • 1 pt
Who has been appointed as the new CEO of Rackspace?
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5.
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3 mins • 1 pt
How did Rackspace's shares perform after the announcement of their plan to remain independent?
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