Cisco to Acquire Cybersecurity Firm Splunk in $28 Billion Deal

Cisco is acquiring Splunk, a cybersecurity software company, for $28 billion in cash.
The acquisition aims to strengthen Cisco's security offerings through AI and data analytics.
Splunk's observability platform will enhance Cisco's ability to detect and respond to threats.
The deal is Cisco's largest ever and expands its move into software and services.
Analysts see potential benefits but have raised concerns about integration, overlaps, and regulatory scrutiny.