Cisco wants to keep Splunk. That seems to be the case, at least, as a result of the offer he has recently made to buy it: more than 20,000 million dollars, according to the Wall Street Journal. That if, for now there is a lot of uncertainty about the steps that both companies will take. According to several sources, they are not negotiating with a view to carrying out any operation, at least for now. In fact, they would have been interrupted, at least temporarily, several weeks ago. But if the software and data analytics company finally accepts the offer and decides to sell it, the deal would become the largest in Cisco’s history.
According to CNBC, in the hours after the offer became known last Friday, Splunk’s shares rose 14%, leading its valuation to rise to more than $20 billion at its highest point. Finally, at the time of the close of the session, it was established at 18,200 million dollars. Its security-focused software has gained quite a bit of popularity for its level of detection of security threats.
For its part, Cisco has been trying for some time to increase the reach of its security division, at the same time that it is in charge of selling network equipment for data centers. Not forgetting, of course, its professional Webex enterprise video conferencing and collaboration software. Meanwhile, Splunk’s shares, which peaked in September 2020, have since dropped a whopping 49%. The biggest drop it had was on November 15, after the company admitted that its CEO, Doug Merritt, who had been at the helm for six years, was resigning immediately.
