Cisco Systems will acquire the cybersecurity and data analytics company for $157 a share in cash.
Networking equipment giant Cisco Systems said Thursday it would acquire Splunk, a cybersecurity and data analytics software company, for $157 a share in cash in a deal with an enterprise value of about $28 billion.
“We’re excited to bring Cisco and Splunk together. Our combined capabilities will drive the next generation of AI-enabled security and observability,” said Cisco CEO Chuck Robbins in the release. “From threat detection and response to threat prediction and prevention, we will help make organizations of all sizes more secure and resilient.”
Cisco shares were falling 4.8% to $52.84 in premarket trading. Trading in Splunk stock was halted. It closed Wednesday at $119.59.Write to Emily Dattilo at [email protected]
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Cisco to purchase Splunk in $28 billion dealCisco intends to acquire Splunk for $157 a share in cash. Shares of Splunk, currently halted, closed Wednesday at $119.59.
Les mer »
Cisco acquiring cybersecurity company Splunk in cash deal worth $28 billionCisco said it was acquiring cybersecurity software company Splunk for $157 a share in a cash deal worth about $28 billion.
Les mer »
Enovix to buy South Korean battery maker in cash and stock dealShares of Enovix Corp. rose more than 1% in the extended session Wednesday after the battery maker said it has agreed to buy privately held Korean battery...
Les mer »
Will Nvidia stock be like Apple or Cisco in the AI era?A look back at the companies that defined the prior two tech cycles shows the possibilities for Nvidia as technology transitions into a period fueled by AI.
Les mer »