Cisco Acquires Splunk
splunk.com
Cisco Acquires Splunk
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Re: Cisco Acquires Splunk
#2$28 billion - $157 a share
Splunk shares were trading at $119.59, so ~31% premium.
Cisco lost 4% in premarket trading.
Re: Cisco Acquires Splunk
#3$28 billion - $157 a share Splunk shares were trading at $119.59, so ~31% premium. Cisco lost 4% in premarket trading.
An average acquisition then:
acquirer pays a premium to nudge the acquiree's board to approve
acquirer's shareholders that disagree with the deal sell, in anticipation of value destruction
Re: Cisco Acquires Splunk
#4Genuinely surprised anybody would acquire Splunk in 2023. Whenever you hear about Splunk from security engineers, they're actively trying to get off it (edit: yes, primarily because of cost). Better, next-gen SIEMs are either here or around the corner.
Re: Cisco Acquires Splunk
#5Genuinely surprised anybody would acquire Splunk in 2023. Whenever you hear about Splunk from security engineers, they're actively trying to get off it (edit: yes, primarily because of cost). Better, next-gen SIEMs are either here or around the corner.
I think they’re trying to get off of it because it is so freaking expensive.
Re: Cisco Acquires Splunk
#6Genuinely surprised anybody would acquire Splunk in 2023. Whenever you hear about Splunk from security engineers, they're actively trying to get off it (edit: yes, primarily because of cost). Better, next-gen SIEMs are either here or around the corner.
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Re: Cisco Acquires Splunk
#7$28 billion - $157 a share Splunk shares were trading at $119.59, so ~31% premium. Cisco lost 4% in premarket trading.
Cisco cash is flowing out to Splunk shareholders so it makes sense that its equity value is X% lower after announcement
Re: Cisco Acquires Splunk
#8Better link with data on the deal: https://www.prnewswire.com/news-releases/cisco-to-acquire-sp...
Re: Cisco Acquires Splunk
#9Genuinely surprised anybody would acquire Splunk in 2023. Whenever you hear about Splunk from security engineers, they're actively trying to get off it (edit: yes, primarily because of cost). Better, next-gen SIEMs are either here or around the corner.
Which ones do you recommend? Every one I have tried hasn't really given me the same flexibility as Splunk, most seem to miss the core part of what makes Splunk cool. Though I'd definitely like to see Splunk improve their design.
Re: Cisco Acquires Splunk
#10Somebody: Splunk has exorbitant prices and locked-in enterprise customers!
Cisco: Oh these guys are just like us. Better buy them up. We know this business.