Cisco to buy Splunk for $28bn

Deal is expected to close Q3 2024

clock • 1 min read
Cisco to buy Splunk for $28bn
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Cisco to buy Splunk for $28bn

Networking giant Cisco said it has reached an agreement to acquire unified security and observability platform developer Splunk for roughly $28 billion to 'drive the next generation of AI-enabled security and observability'.

The two companies announced the blockbuster acquisition agreement on Thursday, with Cisco planning to pay $157 per share in cash to buy San Francisco-based Splunk. This represents a nearly 31.3% pr...

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