Cisco acquires Splunk: Mega deal is worth $28 billion

The network specialist is now making the most expensive purchase in its company history. With the takeover, Cisco plans to become one of the largest software companies in the world. Cisco plans to expand its software business with a deal worth billions. On Sept. 21, 2023, the company announced that it would acquire IT security specialist Splunk for a sum of $157 per share in cash. It is one of the most significant deals in the technology industry, worth about $28 billion (€26.3 billion). In a statement, the group stressed that this cooperation...