Cisco made $20 billion-plus takeover provide for Splunk -WSJ By Reuters

© Reuters. FILE PHOTO: A person passes below a Cisco emblem on the Cell World Congress in Barcelona, Spain February 25, 2019. REUTERS/Sergio Perez

(Reuters) -Community gear maker Cisco Methods Inc (NASDAQ:) has made a takeover provide price greater than $20 billion for software program maker Splunk (NASDAQ:) Inc, the Wall Road Journal reported on Friday, citing individuals aware of the matter.

The provide was made not too long ago and the businesses should not in lively talks, the newspaper mentioned page=1, citing among the sources.

Cisco didn’t instantly reply to a request for remark. Splunk mentioned it doesn’t touch upon rumors or hypothesis.

In November final 12 months, San Francisco-based Splunk introduced Doug Merritt has stepped down as its chief govt officer (CEO) and that the corporate’s chair, Graham (NYSE:) Smith, could be the interim CEO.

Based in 2003, the software program options supplier has a market capitalisation of $18.2 billion, based on Refinitiv Eikon information.

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