"Cisco's $28 Billion Cash Deal: Acquiring AI Firm Splunk for Cybersecurity Expansion"
TL;DR
Cisco has agreed to acquire analytics and AI-powered cybersecurity firm Splunk for $28 billion in an all-cash deal. The acquisition will enable Cisco to develop the next generation of AI-enabled security and observability. Shares of Cisco fell 4% in premarket trading, while Splunk rallied 20%. The deal comes during a quiet period for M&A, highlighting the impact of the AI revolution on the tech industry.
- Cisco Buys AI Firm Splunk In $28 Billion Cash Deal Forbes
- Cisco acquires cybersecurity company Splunk in cash deal worth $28 billion CNBC
- Cisco CEO Chuck Robbins on Splunk acquisition: Deal will add $4 billion in annual recurring revenue CNBC Television
- Cisco to Buy Cybersecurity Company Splunk in $28 Billion Cash Deal The Wall Street Journal
- Cisco to Buy Splunk in Deal Valued at $28 Billion Barron's
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