Cisco Sytems offered more than $20 billion to purchase Splunk Inc in what would have been Cisco’s largest deal ever, the Wall Street Journal reported . The offered was made recently, but the two are not currently in active talks, the Journal reported. The move matters because Cisco, the biggest seller of networking gear for data centers, last year set a goal to derive half of its sales from...
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Chinese Investment Giant Hillhouse Capital Seeks to Expand Outside China
Hillhouse Capital Group, the Chinese sprawling investment powerhouse that has drawn comparisons to Tiger Global Management, has a new challenge: growing outside China. The firm is best known for investments in Chinese tech giants such as Tencent, JD.com, Didi Global and TikTok owner ByteDance. But the devastation of China’s private equity and venture capital sectors, caused by...
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