U.S. Stock Futures Fall as Trump Imposes Tariffs, Inflation Data in Focus 
China’s Inflation Rises in January Amid Lunar New Year Boost, But Deflation Risks Persist 
NVIDIA Stock Surges on Google’s $75B Capex Boost, Blackwell Chip Ramp-Up 
Oil Prices Rise as Investors Weigh Trump's Tariff Threats and Global Trade Tensions 
Oil Prices Steady Amid Tariffs and Economic Concerns 
Trump Questions Nippon Steel’s U.S. Steel Bid, Signals Possible Investment Shift 
South Korea Warns Against Chinese AI App DeepSeek Over Data Privacy Concerns 
Tesla Raises Model X Prices by $5,000 in the U.S. 
Modi Eyes Tariff Cuts to Boost U.S. Trade and Avoid Dispute 
Australia Fights to Protect Steel and Aluminium Exports from U.S. Tariffs 
India Eyes More U.S. LNG Imports Amid Rising Demand 
Bain Capital May Withdraw Fuji Soft Bid as KKR Ups Offer 
DBS Group Sees Higher Net Interest Income in 2025, Announces Capital Return Plan 
Chinese Automakers and Telecom Giants Embrace DeepSeek AI Integration 
BYD Stock Near Record High as It Teases Autonomous Vehicle Plans 
Columbus McKinnon to Acquire Kito Crosby in $2.7B Deal 
From College Prep to Career Readiness: Mike Feinberg's Evolving Vision for Education 
Cisco Systems, Inc., announced it has acquired Splunk, a software company specializing in cybersecurity. It has tapped Tidal Partners, a new mergers and acquisitions advisory group that was established last year by David Handler and David Neequaye - former Centerview Partners dealmakers - to be its advisor for the $28 billion acquisition deal.
Tidal Partners is said to be the only financial adviser of Cisco, while Splunk has hired Morgan Stanley and Qatalyst Partners. The companies expect their buyout deal to be completed by the third quarter of 2024, as per CNBC.
With the mentioned amount of $28 billion, Cisco is buying Splunk for a total of $157 per share. The transaction is reportedly a cash deal, and this was confirmed by the San Jose, California-based software developer on Thursday, Sept. 21. The company said this is also its largest-ever acquisition.
"We are excited to bring Cisco and Splunk together. Our combined capabilities will drive the next generation of AI-enabled security and observability," Cisco's chairman and chief executive officer, Chuck Robbins, said in a press release. "From threat detection and response to threat prediction and prevention, we will help make organizations of all sizes more secure and resilient."
Gary Steele, Splunk's president and CEO, also commented, "Uniting with Cisco represents the next phase of Splunk's growth journey, accelerating our mission to help organizations worldwide become more resilient while delivering immediate and compelling value to our shareholders."
The Splunk chief added that along with Cisco, they "will form a global security and observability leader that harnesses the power of data and AI to deliver excellent customer outcomes and transform the industry." He said they are simply thrilled to have teamed up with its long-time and trusted partner "that shares our passion for innovation and world-class customer experience."
Photo by: Cisco Systems Press Release
