Cisco to acquire Splunk to drive next gen of AI-enabled security and observability
Cisco (NASDAQ: CSCO) and Splunk (NASDAQ: SPLK), a cybersecurity and observability forerunner, have declared a binding contract where the former is set to purchase the latter for $157 per share in cash. This translates to an approximate equity value of $28 billion. Key Details: Leadership Transition: Once the acquisition is concluded, Splunk’s President and CEO, […]