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Cisco Made $20 Billion+ Takeover Offer For Splunk – WSJ

Network gear maker Cisco Systems has made a takeover offer worth more than $20 billion for software maker Splunk Inc, the Wall Street Journal has reported


Cisco Systems has reportedly made a $20 billion-plus offer to take over Splunk. Reuters file photo.

 

Network gear maker Cisco Systems has made a takeover offer worth more than $20 billion for software maker Splunk Inc, the Wall Street Journal reported on Friday, citing people familiar with the matter. The offer was made recently and the companies are not in active talks, the newspaper said, citing some of the sources.

Cisco did not immediately respond to a request for comment. Splunk said it does not comment on rumours or speculation.

In November last year, San Francisco-based Splunk announced Doug Merritt has stepped down as its chief executive officer and that chairman Graham Smith would be the interim CEO.

Founded in 2003, the software solutions provider has a market capitalisation of $18.2 billion, according to Refinitiv Eikon data.

 

• Reuters with additional editing by Jim Pollard

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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