CISCO BUYING CYBERSECURITY FIRM SPLUNK FOR $28 BILLION, BOLSTERING DEFENSES AS USE OF AI WIDENS
Techlife News|September 23, 2023
Cisco is buying the cybersecurity firm Splunk in a $28 billion deal as it bolsters its defenses against potential security threats that may be heightened by the widening use of artificial intelligence.
CISCO BUYING CYBERSECURITY FIRM SPLUNK FOR $28 BILLION, BOLSTERING DEFENSES AS USE OF AI WIDENS

The Silicon Valley networking tech giant will pay $157 per Splunk Inc. share.

“Our combined capabilities will drive the next generation of AI-enabled security and observability,” Cisco Chair and CEO Chuck Robbins said in a prepared statement. “From threat detection and response to threat prediction and prevention, we will help make organizations of all sizes more secure and resilient.”

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