Cisco has announced its largest acquisition by purchasing cybersecurity software company Splunk. The cash deal is worth approximately $28 billion, with each share being acquired for $157.
Cisco has been facing challenges with its networking equipment business in recent years due to supply chain issues and a slowdown in demand following the pandemic. To mitigate this, the company has struck a deal to reduce its dependence on this segment.
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Cisco has announced its largest acquisition by purchasing cybersecurity software company Splunk. The cash deal is worth approximately $28 billion, with each share being acquired for $157.
Cisco has been facing challenges with its networking equipment business in recent years due to supply chain issues and a slowdown in demand following the pandemic. To mitigate this, the company has struck a deal to reduce its dependence on this segment.