Cisco Closes $28 Billion Acquisition of Splunk, Betting Big on AI

Cisco Closes $28 Billion Acquisition of Splunk, Betting Big on AI·The Wall Street Journal
Steven Rosenbush
3 min read
0
In this article:

Cisco Systems closed its $28 billion all-cash acquisition of cybersecurity and analytics company Splunk on Monday.

Continue reading
Advertisement

Recommended Stories

  • Sony's Bold $26B Paramount Bid Raises Eyebrows: Can They Finance It?

    Sony Group Corp’s (NYSE:SONY) shares experienced a significant drop, the largest in nearly three months, following its joint $26 billion bid with Apollo Global Management Inc (NYSE:APO) to purchase American multinational mass media and entertainment conglomerate Paramount Global (NASDAQ:PARA). The offer has sparked concerns about Sony’s financial capacity to handle the acquisition, as the proposed deal exceeds Sony’s current cash reserves. Despite the concerns, market analysts suggest that more

  • Brookfield Asset Slumps After Profit Declines on Lower Fees

    (Bloomberg) -- Brookfield Asset Management reported its first quarterly decline in profit since it spun out of its parent company amid a drop in fees from some permanent capital vehicles.Most Read from BloombergTrump Judge Indefinitely Postpones Documents Case TrialAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackOne Out of Every 24 New York City Residents Is Now a MillionaireTrump’s Private Life Exposed in Intimate Stormy Daniels TestimonyDistributable earnings were $547 mill

  • Suzano Approaches International Paper on Bid, Reuters Says

    (Bloomberg) -- Suzano SA, the world’s largest pulp producer, approached International Paper Co. about a potential all-cash offer valuing the US company at almost $15 billion, Reuters reported.Most Read from BloombergTrump Judge Indefinitely Postpones Documents Case TrialOne Out of Every 24 New York City Residents Is Now a MillionaireIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortTrump’s Private Life Exposed in Intimate Stormy Daniels TestimonyThe potential bid of $42 a share by the Bra

  • Sony Shares Fall as Paramount Deal Spurs Financing Concerns

    (Bloomberg) -- Sony Group Corp.’s shares slid the most in almost three months after its proposal to buy Paramount Global raised financing concerns.Most Read from BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortJack Dorsey Leaves Bluesky Board, Calls X ‘Freedom Technology’Russians Are Coming to Terms With Putin’s War in UkraineAt $2 Million Per Minute, Treasuries Mint Cash Like Never BeforeThe stock dropped as much as 4.2% in Tokyo. The Japanese electronics company and Apollo Gl

  • Hartree Is in Talks to Buy Commodity Trader ED&F Man

    (Bloomberg) -- ED&F Man, a storied UK commodities trader that traces its history back more than 240 years, is in talks to be taken over by US energy firm Hartree Partners LP, according to people familiar with the matter.Most Read from BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortJack Dorsey Leaves Bluesky Board, Calls X ‘Freedom Technology’At $2 Million Per Minute, Treasuries Mint Cash Like Never BeforeEx-Trump Controller Says Cohen Repaid From Personal AccountHigh-Tech Trad

  • Truist concludes sale of US insurance unit to Stone Point and CD&R

    The all-cash deal, which was first announced in February, places the enterprise value of the insurance broker at $15.5bn.

  • Hankook to take control of Hanan Systems

    To acquire an additional 25% stake

  • 26North finalises $4.9bn reinsurance deal with National Life

    National Life has a long history of services in Middle America; the deal between them and 26North brings its total assets under management to $22bn.

  • SoftBank Is Said in Talks to Buy Troubled AI Chip Firm Graphcore

    (Bloomberg) -- SoftBank Group Corp. is in talks to acquire Graphcore Ltd., a struggling British semiconductor startup once valued at $2.8 billion, according to people familiar with the deals. Most Read from BloombergTrump Judge Indefinitely Postpones Documents Case TrialAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackOne Out of Every 24 New York City Residents Is Now a MillionaireTrump’s Private Life Exposed in Intimate Stormy Daniels TestimonyThe two companies have held disc

  • The Saks, Neiman Marcus Megadeal Is Getting Close, Sources Said

    Reliance and Zalando are said to be involved in a deal that would bring Saks and Neiman Marcus under one roof.