Cisco beefs up cybersecurity play with $28 bln Splunk deal ...Middle East

The logo of networking gear maker Cisco Systems Inc is seen during GSMA’s 2022 Mobile World Congress (MWC) in Barcelona, Spain February 28, 2022. REUTERS/Nacho Doce Acquire Licensing Rights Sept 21 (Reuters) – Cisco Systems (CSCO.O) has agreed buy cybersecurity firm Splunk (SPLK.O) for about $28 billion in its biggest-ever deal to beef up its software business and capitalize on the rising use of artificial intelligence, the companies said on Thursday. Splunk shares jumped 23% in premarket trading, but were still about $10 below Cisco’s offer price of $157 per share in cash. Cisco’s stock was down nearly 5%. “Combined, Cisco and Splunk will become one of the world’s largest software

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Last updated : 21 September 2023 clock 03:53 PM

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Cisco beefs up cybersecurity play with $28 bln Splunk deal ...Middle East

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