Splunk jumps 16% on report Cisco's made $20 billion-plus offer, its biggest ever
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Splunk (NASDAQ:SPLK) is up 16% postmarket on the WSJ report that Cisco Systems (NASDAQ:CSCO) has made a takeover offer for Splunk worth more than $20 billion.
That would mark the biggest buyout ever for acquisition-friendly Cisco, well beyond the $7 billion it paid for Scientific Atlanta in 2005 and the $5 billion for Acacia Communications last year, the WSJ notes.

It's a recent offer though the companies aren't in active talks, according to the report.
Cisco shares are up 0.2% postmarket.
The offer would mark the latest tick-up in the recently hot software M&A market. Splunk makes software used to monitor and analyze data, and while it saw an early-pandemic boost, shares have nearly halved since then. (See Splunk's three-year price chart here.)