"Cisco Finalizes $28 Billion Splunk Acquisition Ahead of Schedule"

Cisco has completed the acquisition of Splunk, positioning itself to provide unparalleled visibility and insights across an organization’s digital footprint. The acquisition allows Cisco to combine the power of the network with market-leading security and observability solutions, making it one of the largest software companies globally. The move aims to revolutionize the way customers leverage data to connect and protect every aspect of their organization, particularly in powering and protecting the AI revolution. The transaction details include Cisco acquiring Splunk for $28 billion in equity value, with expectations of positive cash flow and non-GAAP gross margin accretion in the coming fiscal years.