#BigTech / Amazon Eyeing Stake In Rackspace Technology

Rackspace sells customers access to its own cloud and also offers a service called RackConnect, which helps customers access clouds maintained by Amazon Web Services (AWS), Microsoft Azure, VMWare and Google Cloud.

… Amazon is considering buying a minority stake in Rackspace, but there is “no certainty” that a deal would be reached…

Rackspace was founded in 1998 by three students from Trinity University and maintains its headquarters there. It claims to have 6,000 employees and customers in 120 countries.

https://www.pymnts.com/amazon-investments/2020/amazon-eyeing-stake-in-rackspace-technology