![Cisco to buy Splunk for $28bn Cisco to buy Splunk for $28bn](https://image.chitra.live/api/v1/wps/d2988ba/a140b5a1-0924-4c27-b82f-ec44e9a110ce/6/cisco-679x419.jpg)
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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