Networking-equipment giant Cisco Systems has struck a $28 billion deal to buy analytics and security software company Splunk.
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Cisco to Buy Splunk in Deal Valued at $28 BillionCisco Systems will acquire the cybersecurity and data analytics company for $157 a share in cash.
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Cisco to purchase Splunk in $28 billion dealCisco intends to acquire Splunk for $157 a share in cash. Shares of Splunk, currently halted, closed Wednesday at $119.59.
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Cisco acquiring cybersecurity company Splunk in cash deal worth $28 billionCisco said it was acquiring cybersecurity software company Splunk for $157 a share in a cash deal worth about $28 billion.
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