Cisco (CSCO) is buying cybersecurity firm Splunk (SPLK) in a deal valued at around $28 billion. Cisco says the deal will 'accelerate' the company's 'business transformation' to becoming one with more recurring revenue. Cisco aims to venture further into the AI market through the deal. According to CFO Scott Herren, 'there's also an opportunity for us to build AI into our products and to enable our customers to leverage AI, and that's the real opportunity here,' as Splunk's data source combined with Cisco's 'security telemetry' presents a potential synergy. Yahoo Finance Executive Editor Brian Sozzi interviews Cisco's CFO, Scott Herren, to discuss the details of the Splunk deal, Cisco's objectives in acquiring the company, and their confidence in the acquisition being an excellent match. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Water in cartons from Tetra Pak offer a bold, unique way to package your water, giving you more space to communicate with your guests. -- Royal Bank of Canada pushed ahead with a round of job cuts in its capital markets operations, part of broader reductions announced in August that may climb above 1,000 positions and are aimed at helping the bank deal with a challenging economic environment.
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