Splunk

Cisco to Buy Splunk for $28 Billion in Giant AI-Powered Data Bet

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Cisco to Buy Splunk for $28 Billion in Giant AI-Powered Data Bet

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. The networking giant will pay $157 a share in cash, the companies said in a statement Thursday, or a 31% premium to Splunk’s … Read more

Stocks drop in an ugly day as allure grows to buy a Treasury bill and chill

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Stocks drop in an ugly day as allure grows to buy a Treasury bill and chill

The New York Stock Exchange on Wednesday, June 29, 2022 in New York. Stocks are off to a weak start on Friday, continuing a dismal streak that pushed Wall Street into a bear market last month as traders worry that inflation will be tough to beat and that a recession could be on the way … Read more