Cisco to Acquire Splunk for $28 Billion, Accelerating AI-Enabled Security and Observability
On Thursday Cisco agreed to buy Splunk in a $28 billion deal intended to address AI-enabled security and observability issues.
Mergers and Acquisitions
UK set to clear Microsoft’s deal to buy Call of Duty maker Activision Blizzard
The $69bn acquisition is expected to go ahead as revised proposal addresses regulator’s concernsMicrosoft’s $69bn (£54bn) deal to buy Activision Blizzard, the maker of games including Call of Duty and World of Warcraft, looks set to be cleared after th…
UK chip designer Arm valued at $51 a share ahead of Wall Street IPO
British tech firm valued at $52.3bn before highly anticipated flotation on Nasdaq by private owner SoftBankThe British chip designer Arm has secured a $52.3bn (£41.9bn) valuation in its initial public offering (IPO), before its highly anticipated retur…
Twitter chaos after Elon Musk takeover may have violated privacy order, DoJ alleges
US Department of Justice questions compliance with FTC order on data security and privacy practicesElon Musk’s takeover of Twitter created a “chaotic environment” at the social media platform that may have violated a government order requiring an overh…
Poundland moves to buy 71 Wilko sites with possible jobs guarantee for staff
PwC says owner plans to reopen stores under Poundland brand throwing lifeline to as many as 1,800 staffPoundland is to acquire up to 71 Wilko sites that it intends to reopen under its own brand in a deal that could throw a lifeline to some of the about…
Cybersecurity Mergers Flatline. Here’s Why That Won’t Last.
Much like the rest of technology, merger and acquisition (M&A) activity for cybersecurity companies has been in a slump this year. There are a number of reasons why that won’t last, but still, the decline has been noteworthy. For the first seven months of this year, there were a mere 34 startups that got acquired, […]
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Virgin Media O2 to snap up Russian oligarch-backed broadband firm
UK government forced sale of ‘alt-net’ broadband provider Upp on national security groundsVirgin Media 02 is to buy a British broadband company owned by a Russian oligarch-backed investment company, after the government forced its sale on national secu…
Saab makes AI statement of intent with BlueBear acquisition
Dean Rosenfield, group managing director at Saab UK, told media that the acquisition was part of a “deliberate strategy” to grow and expand business in Britain.
Heineken exits Russia with €1 sale of operations
Dutch multinational brewer takes €300m loss from transfer of assets to Russia’s Arnest GroupRussia-Ukraine war – latest news updatesHeineken has completed its lengthy exit from Russia with the sale of its operations there for a symbolic €1, after Mosco…
L3Harris closes Aerojet Rocketdyne deal
Aerojet will now become a fourth business unit within L3Harris in a deal previously estimated at $4.7 billion.