Bridge IPOs Savvis

NEWS RETRIEVAL

The long-awaited spinoff of Savvis Communications (www.savvis.net) is a go. In November, parent Bridge (www.bridge.com) filed for an IPO of its shares. But then, Bridge has long claimed to be a network provider more focused on distribution than content, and the IPO filing document reflects that. Bridge, which expects to raise $75 million from the sale, will continue to control Savvis as the majority owner. It bought Savvis this past April. Savvis provides managed data network services, high

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