Cisco Systems expected to receive EU antitrust approval for its $28bn acquisition of Splunk.

Cisco Systems is expected to receive unconditional EU antitrust approval for its $28bn acquisition of cybersecurity firm Splunk, according to two sources familiar with the matter. The deal, announced last year, is set to enhance Cisco's software business amid the growing AI market and counteract a post-pandemic downturn in demand. The European Commission is set to clear the deal after completing its preliminary review on March 13, having found no anti-competitive concerns.

March 05, 2024
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