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Cisco to Purchase Splunk for $28 Billion

And a major deal in the tech space. Cisco was purchasing Splunk the Cyber security software company for $28 billion in cash that translates into $157 per share. The price tag makes it makes Cisco's largest acquisition ever. This deal is expected to be cash flow positive in the first year after it closes which they expect to happen in the third quarter of next year. This is part of Cisco's recent buying spree as it looks to build out its cyber security offerings.