Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Cisco to acquire cybersecurity company Splunk in $28B deal By: FOX Business September 21, 2023 at 08:37 AM EDT Cisco announced Thursday it is buying Splunk in a deal valued at about $28 billion, or $157 per share in cash. It is expected to close in the third quarter of 2024. Cisco announced Thursday it will purchase Splunk, a cybersecurity and analytics firm, for $157 per share in cash or roughly $28 billion in equity value."Our combined capabilities will drive the next generation of AI-enabled security and observability," Cisco CEO Chuck Robbins said in a statement. "From threat detection and response to threat prediction and prevention, we will help make organizations of all sizes more secure and resilient."AI AND THE CLOUD TO UNLOCK BILLIONS IN ANNUAL PRODUCTIVITY GAINS FOR SMALL AND MEDIUM BUSINESSES: REPORTThe purchase was unanimously approved by the boards of directors of both companies and is expected to close by the end of the third quarter of 2024.PRESIDENT BIDEN WARNS UN TO 'MAKE SURE' AI DOES NOT ‘GOVERN US’CLICK HERE TO READ MORE ON FOX BUSINESS Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Cisco to acquire cybersecurity company Splunk in $28B deal By: FOX Business September 21, 2023 at 08:37 AM EDT Cisco announced Thursday it is buying Splunk in a deal valued at about $28 billion, or $157 per share in cash. It is expected to close in the third quarter of 2024. Cisco announced Thursday it will purchase Splunk, a cybersecurity and analytics firm, for $157 per share in cash or roughly $28 billion in equity value."Our combined capabilities will drive the next generation of AI-enabled security and observability," Cisco CEO Chuck Robbins said in a statement. "From threat detection and response to threat prediction and prevention, we will help make organizations of all sizes more secure and resilient."AI AND THE CLOUD TO UNLOCK BILLIONS IN ANNUAL PRODUCTIVITY GAINS FOR SMALL AND MEDIUM BUSINESSES: REPORTThe purchase was unanimously approved by the boards of directors of both companies and is expected to close by the end of the third quarter of 2024.PRESIDENT BIDEN WARNS UN TO 'MAKE SURE' AI DOES NOT ‘GOVERN US’CLICK HERE TO READ MORE ON FOX BUSINESS