Rackspace soars 19% after report says Amazon is eyeing a minority stake in cloud services provider (RXT, AMZN)

Rackspace soars 19% after report says Amazon is eyeing a minority stake in cloud services provider (RXT, AMZN)

Business Insider

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· *Rackspace soared 19% on Monday after a report from Reuters said that Amazon is eyeing a minority stake in the cloud services provider.*
· *A deal between the two could take one to two months to negotiate, according to the report.*
· *Rackspace helps companies migrate data to the cloud and transition to cloud services like...

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