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 of… → Read More
Savvis is launching Project Spirit, a cloud platform that will help deploy and power virtual private data centers in the cloud. Savvis has also announced that the Cisco Nexus 5000 and 7000 Series networking switches will serve as the virtualized network backbone for Savvis’ new product. And VMware vSphere 4, which launched this week, will serve as the virtualization platform for virtual… → Read More