CenturyLink

  • Will Somebody Finally Buy Rackspace, Please

    Will Somebody Finally Buy Rackspace, Please

    We’ve been hearing rumors of a Rackspace acquisition for the last several months. The latest suitor according to Bloomberg could be Louisiana-based telco CenturyLink, but before we get too excited here, let’s keep in mind Microsoft, HP, Cisco and others were supposedly interested too, and in the end nothing came of it. And as you would expect in a case with so much… Read More

  • Hosting Provider Savvis Is Now CenturyLink Technology Solutions

    Hosting Provider Savvis Is Now CenturyLink Technology Solutions

    Savvis has a new name to give it deeper identity with CenturyLink, which acquired the hosting company in 2011. It will now be called Century Link Technology Solutions and will also form the umbrella for Tier3 and AppFog, the telecommunication company’s most recent acquisitions. Read More

  • CenturyLink Buys IT Infrastructure Services Company Savvis In $2.5B Deal

    CenturyLink this morning announced that it will acquire all outstanding shares of Savvis common stock in a cash and stock merger valued at $40 per share, or a total of approximately $2.5 billion, plus net debt of approximately $0.7 billion which will be assumed or refinanced at close. Under the terms of the transaction, Savvis stockholders will receive $30 per share in cash and $10 in shares… Read More