Cisco looks to expand its ‘AI-enabled security’ with $28 billion Splunk deal

Analytics and security software company Splunk is being acquired by networking-equipment giant Cisco for an estimated $28 billion in a deal announced Thursday. It’s easily the biggest acquisition involving a cybersecurity-oriented company this year, and Cisco is paying $157 a share — a 31% premium to Splunk’s $119.59 closing price on Wednesday. Splunk’s strength is

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