Money Involved: $3.2 billion
Why It Matters: There's a land grab going on right now among service providers, carriers and telcos looking to build cloud computing practices, and much of that grab is happening via M&A. CenturyLink, which last year pulled the trigger on a mammoth acquisition of Qwest, scooped up cloud provider and hosting operator Savvis.
Cloud-focused companies are M&A targets, period, it seems -- not just for larger service providers. Another recent grab was Intermedia, which May was acquired by venture capital firm Oak Hill Capital Partners.