Big Law

Sources Say Cisco’s Splunk Deal Is Set to Win Unconditional EU Antitrust Approval

Cisco Systems is set to secure unconditional EU antitrust approval for its $28 billion bid for cybersecurity firm Splunk, two people with direct knowledge of the matter said on Tuesday.

The deal announced last year and Cisco’s biggest ever will boost its software business amid a boom in artificial intelligence and also help offset a post-pandemic slowdown in demand.

The European Commission is set to clear the deal after its preliminary review ends on March 13 after finding no anti-competitive issues, the people said.

Read the source article at Yahoo Finance

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