Rackspace Faces Potential Reorganization, Sale: ‘Everything Is On The Table’
‘Rackspace Technology recently completed an in-depth strategic review of our company. As we completed this strategic review, and also based on inbound interest for one of our businesses, we concluded that a sum of the parts valuation of Rackspace Technology could be greater than our current enterprise value,’ says Rackspace CEO Kevin Jones on the company’s earnings call.
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‘Rackspace Technology recently completed an in-depth strategic review of our company. As we completed this strategic review, and also based on inbound interest for one of our businesses, we concluded that a sum of the parts valuation of Rackspace Technology could be greater than our current enterprise value,’ says Rackspace CEO Kevin Jones on the company’s earnings call.
