Private equity firm Apollo Global Management will take Rackspace private in the all-cash deal.
Barnesandnoble.com, New York, has issued a statement in response to a lawsuit filed last week by Amazon.com against the company in U.S. District Court in Seattle. Amazon is suing BN for alleged copying its patented 1-Click billing and shipping feature.
BN says, "The lawsuit brought against us by one of our e-commerce competitors is a desperate attempt to retaliate for our growing market share. We believe the allegations to be completely without merit and we will vigorously defend our position. However, we are pleased to note that they spelled our name correctly in a press release announcing the lawsuit. In fact, traffic to our Web site was up substantially today because of the publicity. We thank our competitor for the incremental sales."