According to WSJ, Cisco (CSCO) made a takeover offer worth more than $20 billion for Splunk (SPLK)

  • February 12, 2022

POTENTIAL DEAL DETAILS

StockSplunk Inc.SymbolSPLK
Date Announced02/11/2022Source Wall Street Journal
TypeUnsolicited BidAcquiring Company/Person Cisco Systems, Inc.

Cisco Systems Inc. (CSCO) has made a takeover offer worth more than $20 billion for software maker Splunk Inc., (SPLK) according to people familiar with the matter, in what would be the networking giant’s biggest acquisition ever.

Update(s):

March 4, 2022: Private-equity firm Hellman & Friedman LLC has taken a 7.5% stake in Splunk Inc. (SPLK) worth about $1.4 billion, according to people familiar with the matter, a big bet on the software company and its incoming chief executive.

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