Cloud hosting provider Rackspace has hired Morgan Stanley to explore options such as acquisition by another entity. This has caused a boom to the stock price and has also fueed the speculation on the future of Rackspace.

According to the company’s statement, rackspace has approached by multiple parties who have expressed their interest in strategic relationship with Rackspace ranging from partnership, up to acquisition.

Rackspace notes that they are exploring options that may not result in either partnership, nor transaction and they don’t have specific time-frame to making such decision.

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