Cloud computing rains billion-dollar deals

Published June 4, 2013 10:10pm ET



SAN FRANCISCO (AP) — A decade ago, the mere idea of cloud computing was a difficult concept to explain, let alone sell. Today, the technology is spurring a high-stakes scramble to buy some of the early leaders in the cloud-computing movement.

The latest examples of the trend emerged Tuesday as two major technology companies announced acquisitions aimed at seeding their own clouds.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.