https://www.bizjournals.com/sanantonio/news/2020/08/17/amazon-to-invest-in-rackspace.html#:~:text=Amazon%20(Nasdaq%3A%20AMZN)%20would,two%2C%20according%20to%20the%20report. Genuinely curious #rackspace #M&A #cloud
Many customers are avoiding AWS by running on Rackspace managing their own servers, and their stock is super cheap so why not?
They are not acquiring rackpace, just taking a minority stake.
Acquiring a minority stake. They aren’t buying Rackspace like Apollo did.
Contrary to marketing spin, Rackspace is fundamentally a MSP. Rackspace's ability to migrate customers and help them adopt the cloud is a win for Amazon.
Aws to GCP migrations
Monopoly to increase market capitalization and retain market share.
Cause we rule!