Cisco makes largest ever acquisition, buying cybersecurity company Splunk for $28 billion in cash

The acquisition is one of Cisco’s largest, and continues an acquisition streak which has built out the company’s cybersecurity offerings. “From threat detection and response to threat prediction and prevention, we will help make organizations of all sizes more secure and resilient,” Cisco chair and CEO Chuck Robbins said in a statement. The deal is expected to close in the third quarter of 2024. Robbins expected organizational synergies to become clear and impactful within 12 to 18 months, he said Thursday in an appearance on CNBC’s Squawk on the Street. Read more