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Splunk, A Cybersecurity Business, Will Be Purchased By Cisco In A $28 Billion Cash Deal

Cisco announced on Thursday that it was buying cybersecurity software provider Splunk for $157 per share in a cash transaction estimated to be worth $28 billion.

Shares of Splunk were halted at their most recent closing price of $119.59. In premarket trade, Cisco fell 4%.

In a statement, Cisco chairman and CEO Chuck Robbins said, “We will help make organisations of all sizes more secure and resilient, from threat detection and response to threat prediction and prevention.”

A cybersecurity business called Splunk assists businesses in monitoring and analysing their data to reduce the risk of breaches and address technical issues more quickly.

Source (CNBC)

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