CenturyLink to Acquire Savvis for $2.5 Billion
CenturyLink Inc. (CTL), a Louisiana- based fixed-line phone and Internet company, is set to buy information technology firm Savvis Inc. (SVVS) in a deal valued at $2.5 billion. This deal brings together CenturyLink’s enterprise network services business with Savvis’ expertise in managed hosting capacities. Acquiring Savvis will speed up CenturyLink’s ability to provide cloud computing…