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Ugh, those guys.

So... this is not good news for the customers of Rackspace.

Whoa, you're username, nice. Anyway, Apollo Global is different from Apollo Group.

"management's values" are probably "make money" even for the turnaround PR firms.

The real question is of "strategy", not "values", in the financial industry.

Anyone have a tl;dr for Apollo on that?

That's actually a different firm called Apollo Group (which is mostly comprised of Phoenix and a small number of other things) – Apollo Global is a much larger private equity firm with a confusingly similar name

It appears that Apollo Global is part of a consortium that bought Apollo Education Group earlier this year [1]. Looking at the press releases, those appear to be the two Apollos in question. Though, I suppose you should give them some time to see what they'll do with it.

[1] http://www.streetinsider.com/Corporate+News/Apollo+Global+to...