Cisco Acquires Splunk for $28 Billion
September 21, 2023
Cisco entered into and then completed a definitive agreement to acquire Splunk for $157 per share in cash, valuing the equity at approximately $28 billion. The deal is expected to strengthen Cisco’s security and observability offerings and accelerate its transition to more recurring revenue.
- Buyers
- Cisco
- Targets
- Splunk
- Industry
- Cybersecurity
- Location
- California, United States
- Transaction Type
- Buyout
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