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Cisco Considers Expensive Fixer


Cisco Systems Inc. needs to strengthen its software business. There is no better time.

The Wall Street Journal reported Friday night that Cisco recently made an offer to acquire security and business intelligence software provider Splunk for more than $20 billion. The two companies are apparently not in active talks at the moment, so it is far from certain that a deal will be reached. But that price would represent a premium of at least 10% over Splunk’s last closing value, making it three times the size of Cisco’s largest contract to date. Shares of Splunk rose more than 9% on Monday, while those of Cisco fell more than 1%.

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