Private equity firm Apollo Global Management will take Rackspace private in the all-cash deal.
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Verizon’s digital products and services include online games through its Gaming On Demand service, and music and video downloads through its FiOS TV service. FiOS TV offers hundreds of digital TV and music channels, high-definition TV programs and video-on-demand. As of the end of last year, Verizon had made FiOS TV available to 1.8 million households and had signed about 175,000 subscribers, Verizon says.