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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