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- Sep 21, 202390% CONFIDENCEfrom the source
Cisco Agrees to Buy Splunk for US$28 Billion
- Cisco and Splunk announced a definitive agreement for Cisco to acquire Splunk for US$157 per share in cash, an equity value of about US$28 billion[2][4]
- On completion, Splunk president and CEO Gary Steele was to join Cisco's executive leadership team, reporting to chairman and CEO Chuck Robbins[4]
- The deal was expected to close by the end of the third quarter of calendar 2024; it actually closed on 18 March 2024[3][4]
- Cisco said it hoped the combination of two leaders in AI, security and observability would help organizations improve their digital resilience against attacks[2]
- Per Reuters, as relayed by ADMIN Magazine, the purchase was expected to reduce Cisco's heavy dependence on its network equipment business; Splunk shares rose 23% on the news[4]
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References 582% CONFIDENCEOverall confidence: 82%How well the pin's source and references back up its dates.Weighted average of how firmly 5 references, the source included, support the pin's start and end times; a reference counts half as much for every 180 days older than the newestShow all pins at 75% confidence or better
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]90%investor.cisco.com/files/doc_news/Cisco-to-Acquire-Splunk-to-Help-Make-Organizations-More-Secure-and-Resilient-in-an-AI-Powered-World-2023.pdfinvestor.cisco.com· Posted Oct 4, 2026· Starts Sep 21, 2023 ✓· 49% of score
Cisco's[3] release (investor.cisco.com), borncity[4] (published 2023-09-21T16:35Z) and ADMIN Magazine[2] all report the definitive agreement announced on 21 September 2023.
- [2]75%Cisco Plans to Acquire Splunk - ADMIN Magazineadmin-magazine.com· Added Oct 4, 2026· 49% of score
Opened; restates the terms and the Reuters angle.[1]
- [3]85%Cisco Completes Acquisition of Splunknewsroom.cisco.com· Published Mar 18, 2024· 1% of score
Cisco's[1] own release confirming the deal closed.
- [4]75%Cisco plans to acquire Splunk monitoring platform for $28 billion - BornCityborncity.com· Published Sep 21, 2023· 1% of score
Opened; gives price, Steele role, closing target and Splunk share move.[1]
- [5]85%Splunk Form 8-K exhibit 99.1 (merger announcement release)sec.gov· Published Sep 21, 2023· 1% of score
SEC filing returned by search for the joint release; not opened.
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