2025: Cisco Systems Acquires Splunk for $28 Billion – European Regulators Approve
European Union regulators have officially approved Cisco Systems' $28 billion acquisition of cybersecurity leader Splunk, marking a significant milestone in the tech industry.
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Highlights
- European regulatory authorities have greenlit Cisco Systems’ $28 billion takeover of cybersecurity firm Splunk.
- The European Commission confirmed that the merger poses no antitrust concerns due to ample competition in the sector.
- Following the September announcement of the $157-per-share deal, Splunk’s stock price surged significantly.
Cisco Systems Inc. (CSCO) has secured approval from the European Union to finalize its $28 billion acquisition of Splunk Inc. (SPLK), a prominent cybersecurity company.
The European Commission’s decision, announced on Wednesday, stated that the transaction does not breach competition laws. The acquisition is expected to have minimal impact on market competition because of the presence of numerous alternative competitors.
The agreement, revealed in September, involves Cisco paying $157 in cash per Splunk share.
Cisco emphasizes that integrating Splunk’s advanced security solutions will enhance its existing offerings, delivering comprehensive security analytics across devices, applications, and cloud environments. CEO Chuck Robbins highlighted that this union will spearhead the advancement of AI-driven security and observability technologies.
The companies aim to complete the acquisition by the end of Q3 2024.
Despite the initial surge in Splunk’s stock price post-announcement, shares of both Cisco and Splunk experienced a decline on Thursday. Over the past year, Splunk’s shares have increased by approximately 75%.
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