Trading was briefly halted due to volatility after theThe Reuters report said that Amazon is interested in acquiring a minority stake in Rackspace, which helps companies shift their data to Amazon Web Services .
Rackspace held its IPO earlier this month. Private equity firm Apollo Global Management is the majority owner of Rackspace.Spokespeople for Amazon, Rackspace and Apollo did not immediately respond to a request for comment.
Source: News Formal (newsformal.com)
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