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Cisco beefs up cybersecurity play with $28-billion Splunk deal

Cisco’s offer price of $157 per share in cash represents a premium of about 31% to Splunk’s Wednesday close ....

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Cisco beefs up cybersecurity play with $28 billion Splunk deal, ET Telecom

“.Cisco intends to acquire Splunk for $157 per share in cash, representing approximately $28 billion in equity value,” the companies said in a joint statement Thursday. “Combined, Cisco and Splunk will become one of the world’s largest software companies and will accelerate Cisco’s business transformation to more recurring revenue,” it added. ....

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Cisco To Acquire Cybersecurity Leader Splunk For USD 28 Billion in GenAI Era

“The Cisco Security Cloud has visibility into vast amounts of security data network data, identities, emails, web traffic, endpoints, and processes. With Splunk, Cisco is adding one of the world’s best data platforms to Cisco’s robust security portfolio,” he noted. 📲 Cisco To Acquire Cybersecurity Leader Splunk For USD 28 Billion in GenAI Era. ....

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Before the Bell: Futures slide on rate concerns - The Globe and Mail

A look at Thursday morning’s market action ....

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Cisco to acquire cybersecurity specialist Splunk for $28 billion

Share value in Splunk is up more than 21 percent on the news, while Cisco shares are trading down about five percent as of this writing. ....

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