Splunk Announces $1 Billion Investment from Silver Lake
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Splunk (SPLK) Lands $1 Billion From Silver Lake, Announces Buyback One Day After Activist Rumors Surface
June 22, 2021 11:29 AM EDTShares of Splunk (NASDAQ: SPLK) are up 12% in todays trading session after the company announced a $1 billion investment from Silver Lake in the form of convertible senior notes to support the continued transformation of its business. Moreover, SPLK also announced a share buyback program of up to $1 billion in the open market. The repurchase is intended to offset the dilutive effect of the Notes, the company said.
Interestingly, the news comes one day after... More
