Whimper...or not

Well, it looks like my foray into reporting on US cloud computing deals has ended with a bit of whimper.

Rackspace said yesterday that it decided against pursing a sale of the business after receiving several approaches - I am presuming at least one those approaches came from CenturyLink and possibly even Hewlett-Packard.

CenturyLink said to have lined up financing for Rackspace; Hewlett-Packard also rumoured to be interested

Here's an interesting snippet about a fairly chunky US technology deal. I hear from excellent sources  CenturyLink, a landline phone service provider, has tapped up some US banks for a $6 billion financing package so that it can purchase cloud-computing services company Rackspace Hosting.

Rackspace specialises in providing cloud-computing services and, according to Bloomberg, hired Morgan Stanley to carry out a strategic review of the business earlier this year after Google and Amazon cut prices on competing products. Here are links to the original Bloomberg story and a follow up piece: