Big Law

Cisco’s $28 Billion Bid for Splunk Is Set for March 13 EU Antitrust Decision

EU antitrust regulators have set a March 13 deadline to decide whether to clear Cisco Systems’ $28 billion bid for cybersecurity firm Splunk, according to a European Commission filing.

The technology deal, which was the biggest of last year, will help to reduce Cisco’s reliance on its networking equipment business, which has faced supply chain issues and slowing demand in the post-pandemic period.

The EU competition watchdog can clear the deal with or without remedies after its preliminary review or it can open a full-scale investigation as the next step if it has serious concerns.

Read the source article at Yahoo Finance

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