Hermès Q1 2026 Sales Miss Expectations Amid Iran War and China Slowdown 
Elon Musk's Terafab Foundry Courts Top Chipmaking Giants for AI Self-Sufficiency Push 
Iran’s AI memes are reaching people who don’t follow the news – and winning the propaganda war 
Sam Altman Moves to Dismiss Punitive Damages in Sister's Sexual Abuse Lawsuit 
DEEPX Partners with Hyundai to Power Next-Gen AI Robots Ahead of IPO 
Japan to Subsidize Sony's Image Sensor Plant in Kumamoto with $380 Million 
TSMC Posts Record Q1 2026 Profits Driven by Surging AI Chip Demand 
NVIDIA Acquisition Rumors Dismissed by Morgan Stanley as Strategically Flawed 
SK Hynix Shares Hit Record High Amid AI Memory Demand Surge 
U.S. Stock Futures Hold Steady After S&P 500 and Nasdaq Hit Record Highs 
Japan Opens Arms Export Floodgates: New Policy Draws Global Defense Interest 
U.S. Dollar Steadies Near Multi-Week Lows Amid Iran Peace Talk Hopes and Global Market Shifts 
Google promotes ‘teacher approved’ apps for kids. Here’s what parents should know 
Bank of Japan's Ueda Flags Low Real Interest Rates as Key Factor in Rate Hike Timing 
Energy Price Spike Won't Trigger Lasting Inflation, Analysts Say 
U.S.-Iran Ceasefire Uncertainty Keeps Oil Prices Under Pressure 
TSMC Posts Record Q1 Profit Fueled by AI Chip Demand 
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
