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Cisco acquired Splunk, a Cybersecurity Firm, for $28 Billion; A Record Breaking Acquisition

Cisco acquired Splunk, a Cybersecurity Firm, for $28 Billion

In its most significant acquisition to date, Cisco has announced its purchase of cybersecurity software firm Splunk for approximately $28 billion, equivalent to $157 per share, in an all-cash transaction. This strategic move underscores Cisco’s commitment to bolstering its cybersecurity capabilities and expanding its presence in the rapidly evolving cybersecurity ...

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Senators Seek Pentagon’s Clarification Regarding SpaceX’s Starlink Service in Ukraine

Senators Seek Pentagon's Clarification Regarding SpaceX's Starlink Service in Ukraine

In Washington, three Democratic senators who are members of the Senate Committee on Armed Services have formally requested information from the Pentagon regarding SpaceX CEO Elon Musk. Specifically, they are inquiring whether Musk was responsible for unilaterally disabling or obstructing the functionality of Starlink satellite communication terminals utilized by the ...

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Meta’s Reality Labs’ Losses Exceed $21 Billion in Just Over a Year

Meta's Reality Labs' Losses Exceed $21 Billion in Just Over a Year

On Wednesday, during the second-quarter earnings report, Meta revealed significant financial challenges within its Reality Labs division. The unit, responsible for developing cutting-edge virtual reality and augmented reality technologies essential for fueling the metaverse, recorded a substantial operating loss of $3.7 billion. During the second quarter, the unit’s sales in ...

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