Cisco made $20 billion-plus takeover provide for Splunk -WSJ, Network tools maker Cisco Systems Inc (CSCO.O) has made a takeover provide really well worth greater than $20 billion for software program maker Splunk Inc



Network tools maker Cisco Systems Inc (CSCO.O) has made a takeover provide really well worth greater than $20 billion for software program maker Splunk Inc (SPLK.O), the Wall Street Journal stated on Friday, bringing up human beings acquainted with the matter.

The provide became made lately and the businesses aren't in energetic talks, the newspaper stated, bringing up a number of the sources.

Cisco did now no longer without delay reply to a request for comment. Splunk stated it does now no longer touch upon rumors or speculation.

In November closing year, San Francisco-primarily based totally Splunk introduced Doug Merritt has stepped down as its leader govt officer (CEO) and the company's chair, Graham Smith, will be the meantime CEO.

Founded in 2003, the software program answers issuer has a marketplace capitalization of $18.2 billion, in line with Refinitiv Eikon data.