Cisco Made $20 Billion-Plus Takeover Offer For Splunk

Network gear maker Cisco Systems has made a takeover offer worth more than $20 billion for software maker Splunk, the Wall Street Journal reported on Friday. Reuters reports: The offer was made recently and the companies are not in active talks, the newspaper said, citing some of the sources. In November last year, San Francisco-based Splunk announced Doug Merritt has stepped down as its chief executive officer (CEO) and that the company's chair, Graham Smith, would be the interim CEO. Founded in 2003, the software solutions provider has a market capitalisation of $18.2 billion, according to Refinitiv Eikon data.

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