"...discrete data centers and resources to internal cloud, save a ton of money, then use that power to actually negotiate with third parties.”

Long-awaited Rad Hat revenue infusion fails to compensate for continued declines in other parts of the business.

CEO says will structure operations into three units, sell assets that don’t fit revised set up

The deal would be among the largest take-privates in the U.K. technology industry in recent years and marks the latest firm snapped up by a foreign buyer.

UK government says providers will have to comply with each state's individual rules and suggests hiring an English-speaking lawyer in each country.

The talks come amid a steady stream of dealmaking for data centers, which are benefiting as companies around the world increasingly rely on third parties to manage their data.

Disruption to data would affect more of Britain’s services-oriented economy than trucks backing up at ports.

The move shows CEO Gubitosi is pulling every lever to cut the former monopoly’s $32 billion debt pile and share the burden of infrastructure spending.