Cisco Systems Inc.
has made a takeover offer worth more than $20 billion for software maker Splunk Inc.
according to people familiar with the matter.
The offer was made recently, the people said. It isn’t clear where things currently stand.
Should there be a deal, it would be Cisco’s biggest ever, eclipsing the roughly $7 billion acquisition of Scientific Atlanta in 2005. Its most recent deal of size was its nearly $5 billion purchase of Acacia Communications Inc. in 2021.
An expanded version of this report appears at WSJ.com.
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