CISCO GAINS EU ANTITRUST INDICATION FOR $28B CYBER RISK MINIMIZATION ACQUISITION

Cisco Systems has won unconditional EU antitrust approval for its $28 billion bid for cybersecurity firm Splunk. The EU regulators announced last year that Cisco’s ambition to boost its software business amid a boom in artificial intelligence has prove it capacity to earn it antitrust worthiness, and a $28b Splunk acquisition. A deal that would be cleared without conditions by the EU competition enforcer.

the European Commission said in a statement.
“The Commission concluded that the notified transaction would not raise competition concerns, given its limited impact on competition in the markets where the companies are active, as there is a sufficient number of alternative players,”

The EU competition enforcer assured competitors in the cyber business of it fairness and equity as the merged entity would not have the ability to shut out rivals.

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