09:39 EDT RAX, IBM, EMC
theflyonthewall: IBM interested in SoftLayer, looking at Rackspace, GigaOM reports
IBM (IBM) is very interested in acquiring SoftLayer, and as of a month or so ago, was looking into a deal to buy Rackspace (RAX), GigaOM reports, citing a former IBM executive who spoke on the condition of anonymity. EMC (EMC) is not interested in acquiring SoftLayer, the website added, citing sources.
IBM was looking at RAX a month ago when PPS was $75. If they were to do a deal, 90 day average PPS prior to that was between $65-75, or say $70. Tack on an average acquisition premium of 35% to $70 and you get $95.