Cisco Buys Splunk, $28 Billion - Cybersecurity

2023-09-21T15:16:22.431Z

Highlights: Cisco has reached a deal to buy cybersecurity firm Splunk in a deal valued at $28 billion. It will pay $157 per share in cash. "We're excited to bring Cisco and Splunk together," says Cisco CEO Chuck Robbins, noting that the two companies will help businesses of all sizes be more secure and resilient. The deal is expected to close in the first half of 2015, with Cisco paying $157 in cash for each share of Splunk. The two companies are based in San Francisco and London.

It will pay $ 157 per share in cash (ANSA)