IBM (IBM) May Have Paid ~$2B for SoftLayer in Bid for Bigger Cloud-Computing Exposure
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/23/2026
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
- One killed, three injured when man attacks Swedish school with sword
Softlayer M&A Premium Among Negatives for Rackspace (RAX)
June 4, 2013 11:35 AM EDTIBM (NYSE: IBM) today announced a definitive agreement to acquire SoftLayer Technologies, Inc. While no terms were announced, sources cited by WSJ say the deal is likely to be around $2 billion. If reports are correct, the M&A premium being implied in the Softlayer deal doesn't leave much upside to Rackspace... More
IBM (IBM) to Acquire Public Cloud Provider SoftLayer
June 4, 2013 8:51 AM EDTIBM (NYSE: IBM) today announced a definitive agreement to acquire SoftLayer Technologies, Inc., the world's largest privately held cloud computing infrastructure provider. The acquisition will strengthen IBM's leadership position in cloud computing and will help speed business adoption of public and private cloud solutions. Financial terms were not... More
