Cloud Host Iomart Turns Down Acquisition Offers from Host Europe

Scottish web hosting and cloud services provider Iomart rejected an offer to buy the company for more than half a billion dollars (or £300 million) earlier this month. German web host Host Europe, according to a statement from Iomart, made two cash offers in June which would pay 2.75 GBP and then 2.85 GBP per Iomart share.