CenturyLink to buy Savvis for $2.5B gets cloud boost with $2.5 billion CenturyLinkSavvis The Endless Cloud of Tech Rumors Buy Billion in Cash Stock Acquire acquires deal; hosting consolidation continues ADTRAN Outperforms Yet Again Analyst Blog Finally Acquires Qwest Bye and Hello Cloud! finalize merger completes $12.2B acquisition

CenturyLink has agreed to buy hosting company Savvis for about US$2.5 billion in cash and shares, the companies announced Wednesday. read more (Reuters) - Phone company CenturyLink Inc is to buy Savvis Inc for about $2.5 billion in cash and stock to beef up its data center business as it looks to meet the growing demand for cloud-based services. For leaders of tech services companies, there's a new fact of life: persistent questions about when and how your company will be sold. NEW YORK (AP) -- Phone company CenturyLink Inc. said Wednesday it agreed to buy Savvis Inc. for $2.5 billion in cash and stock, just days after it completed the acquisition of rival Qwest Communications International Inc.... CenturyLink Inc., the fixed-line phone and Internet company, agreed to buy Savvis Inc. for $2.5 billion to add so-called cloud-computing services for business customers. CenturyLink agreed to acquire Savvis for about $2.5 billion in cash and stock as the telecommunications provider looks to expand business services. CenturyLink will acquire Savvis, a hosting and cloud computing provider with big established enterprise customers, in a deal valued at $2.5 billion. Hosting companies continue to be gobbled up. ADTRAN's first quarter 2011 earnings were well ahead of the Zacks Consensus Estimate by 6 cents and the year-ago earnings by 23 cents on strong revenue. CenturyLink finally completed its $12 billion merger with Denver-based Qwest Communications, creating the third-largest landline operator in the U.S. The merger between CenturyLink and Qwest officially closed today, creating the nation's third largest phone company in a world where being a phone company means less and less. I spoke with a company executive about making cloud acquisitions and the ever-growing demand for bandwidth. CenturyLink completed its acquisition of Qwest today, just under a year after the two companies announced plans to merge. NEW YORK (AP) -- CenturyLink Inc. completed its purchase of Qwest Communications International Inc. on Friday, combining the country's third- and fourth-largest traditional phone companies into one....
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References:
http://www.itworld.com/159781/centurylink-buy-savvis-25b
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http://pixelhat.net/