Cisco made $20 billion-plus takeover offer for Splunk -WSJ

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The offer was made recently and the companies are not in active talks, the newspaper said, citing some of the sources.

Cisco did not immediately respond to a request for comment. Splunk said it does not comment on rumors or speculation.

In November last year, San Francisco-based Splunk announced Doug Merritt has stepped down as its chief executive officer (CEO) and that the company’s chair, Graham (NYSE:GHM) Smith, would be the interim CEO.

Founded in 2003, the software solutions provider has a market capitalisation of $18.2 billion, according to Refinitiv Eikon data.