---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-239165"
form_type: "8-K"
ticker: "CSCO"
cik: "0000858877"
company_name: "CISCO SYSTEMS, INC."
filed_at: "2023-09-21T23:59:59+00:00"
generated_at: "2026-06-10T11:30:31.724528+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cisco to acquire Splunk for $157 per share cash (~$28B equity value)

## Summary
- Transaction valued at $28B; Splunk shareholders receive $157/share in cash.
- Expected to close by end of Q3 calendar 2024, subject to regulatory and Splunk shareholder approval.
- Splunk CEO Gary Steele to join Cisco's executive leadership team, reporting to Chuck Robbins.
- Cisco expects deal to be cash flow positive and gross margin accretive in first fiscal year post close; non-GAAP EPS accretive in year 2.
- Hellman & Friedman (7.6% of Splunk shares) agreed to vote in favor via Voting and Support Agreement.

## SEC filing metadata
- accession: 0001193125-23-239165
- form_type: 8-K
- ticker: CSCO
- cik: 0000858877
- company_name: CISCO SYSTEMS, INC.
- filed_at: 2023-09-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/858877/000119312523239165/0001193125-23-239165-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/858877/000119312523239165/d464532d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-239165
- JSON: https://secwatch.observer/filing/0001193125-23-239165.json
- Plain text: https://secwatch.observer/filing/0001193125-23-239165.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.