Broadcom Eyes $35 Billion AI Chip Financing Deal With Apollo and Blackstone 
TikTok Nears $400 Million Settlement With Trump Administration Over Child Privacy Lawsuit 
Japan’s Yen Intervention and BOJ Rate Hike Bets Support Currency Recovery 
European Stocks Edge Higher as Iran-U.S. Peace Talks Boost Market Sentiment 
Orsted Q1 EBITDA Beats Expectations Despite U.S. Impairments 
BMW Keeps 2026 Outlook Despite 25% Profit Drop Amid Tariff Pressure 
Gold Prices Hold Firm as Iran Tensions and Dollar Swings Drive Safe-Haven Demand 
Malaysia Unveils Energy Security Plan Amid Iran Conflict and Rising Oil Costs 
China EV Truck Boom Accelerates as Iran War Drives Diesel Prices Higher 
S&P 500, Nasdaq Hit Record Highs as AI Stocks Rally and Strong Jobs Data Boost Confidence 
Shell Q1 Profit Surges to Two-Year High as Dividend Rises Despite War-Driven Debt Pressure 
Continental AG Shares Jump After Q1 Profit Beats Expectations 
European Stocks Fall as US-Iran Conflict Rekindles Energy Supply Fears 
Hantavirus Cruise Ship Outbreak Triggers Global Health Alert 
Sony Forecasts Lower 2027 Profit Despite Strong Music and Sensor Growth 
Novo Nordisk Raises 2026 Outlook on Strong Wegovy Demand 
Trump-Xi Meeting 2026: U.S.-China Trade Tensions Escalate Ahead of Beijing Summit 
Cisco Systems Inc. reportedly made a huge bid to acquire Splunk Technology software company. The San Jose, California-headquartered tech firm was said to have recently made an offer amounting to more than $20 billion to takeover Splunk.
According to The Wall Street Journal, sources revealed that Cisco Systems made the offer even though it is not in active talks for acquisition with Splunk. If everything goes well and a deal is reached, this would be the former’s biggest acquisition ever.
It was mentioned that so far, Cisco System’s largest acquisition to date is its purchase of Scientific Atlanta, a US-based telecommunications equipment company, in 2005, where it invested around $7 billion. This was followed by the company’s more recent transaction that cost almost $5 billion, which is the purchase of Acacia Communications Inc. last year.
Splunk, just like the other tech companies with high growth potential, showed a sharp increase in shares in the early stage of the pandemic. However, most of them have also fallen since then, and the drastic decrease was almost in half.
At any rate, while Cisco Systems has already expressed its interest in buying Splunk, it was not mentioned if other companies are also interested. It is possible that there the software firm has other potential suitors for a takeover.
While the reports of Cisco’s interest in Splunk are going around, the latter is currently looking for a new chief who can replace Doug Merritt, who left his CEO role in November. Merrit served the company for about six years, but the series of disappointing earnings reports led him to step down. As of the moment, Graham Smith, the company’s chairman, has been appointed as interim CEO.
Meanwhile, Cisco Systems said last year that it would be overhauling its financial reporting segments to show the growth of its software unit. The firm’s chief financial officer, Scott Herren, previously explained at that time that the goal for this plan is to exhibit Cisco’s gradual shift toward software. This business accounted for 30% of the company’s total revenue in fiscal 2021.
CNBC reported that shares of Splunk climbed as much as 14% in extended trading shortly after the WSJ published about Cisco System’s multi-billion offer to acquire the company.
