Cisco to acquire Splunk for $28 billion (updated)

Splunk

21/09/2023 12:54

(Adds details)
       Sept 21 (Reuters) - Cisco Systems  CSCO.O  said on
Thursday it would acquire cybersecurity company Splunk  SPLK.O 
for about $28 billion.
        Cisco's offer price of $157 per share in cash,
represents a premium of about 31% to Splunk's closing price on
Wednesday.
  
        Upon the closing of the deal, Splunk CEO Gary Steele
will join Cisco's executive leadership team reporting to Cisco
CEO Chuck Robbins.
  

 (Reporting by Yuvraj Malik in Bengaluru; Editing by Anil
D'Silva)
 ((yuvraj.malik@thomsonreuters.com;))