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Cisco Buys Splunk for $28 Billion in Massive AI-Powered Data Bet

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Sept. 21, 2023, 11:55 a.m. | Molly Schuetz, Katrina Manson

Bloomberg Technology bloomberg.com

Cisco Systems Inc. agreed to buy Splunk Inc. in a deal valued at about $28 billion, representing its biggest acquisition yet and a massive push into software and artificial intelligence-powered data analysis.

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