Rackspace in advanced talks to be sold to PE firm -RPT

4:07 PM ET Thu, 4 Aug 2016

Rackspace is in advanced talks to be sold to a private equity firm, CNBC's Seema Mody reports. CNBC senior markets commentator Mike Santoli, "Fast Money” trader Guy Adami, and Stephanie Link, TIAA Global Asset Management, weigh in.