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Top related persons:
Morgan Stanley - 3 Splunk - 3 Simpson Thacher - 2 Moore - 2 Flom - 2 Chuck Robbins - 2 Ai Pin - 1 Bethany Bongiorno - 1
Top related locs:
Slate Barcelona Spain premarket Cravath Bengaluru Palo Alto , California Centerview
Top related orgs:
Tidal Partners - 4 Cisco - 3 Qatalyst Partners - 3 HP - 2 Cisco Systems - 2 Apple - 1 CNBC - 1 Humane - 1

Search resuls for: "Tidal Partners"


5 mentions found


☆ ‘This Is Going to Be Painful’: How a Bold A.I. Device Flopped
  + stars: | 2024-06-06 | by ( Tripp Mickle | Erin Griffith | ) www.nytimes.com   time to read: +1 min
Days before gadget reviewers weighed in on the Humane Ai Pin, a futuristic wearable device powered by artificial intelligence, the founders of the company gathered their employees and encouraged them to brace themselves. Humane’s founders, Bethany Bongiorno and Imran Chaudhri, were right. In April, reviewers brutally panned the new $699 product, which Humane had marketed for a year with ads and at glitzy events like Paris Fashion Week. The Ai Pin was “totally broken” and had “glaring flaws,” some reviewers said. Other potential buyers have emerged, though talks have been casual and no formal sales process has begun.
Persons: Ai Pin, Bethany Bongiorno, Imran Chaudhri, Humane Organizations: HP, Tidal Partners
☆ Humane, the startup behind the AI Pin, in talks with HP, telecoms to sell
  + stars: | 2024-06-06 | by ( Hayden Field | ) www.cnbc.com   time to read: +1 min
Humane, the AI hardware startup founded by ex-Apple designers, is seeking a buyer after its AI Pin's lukewarm debut, according to a source familiar with the matter. The company is currently in talks with HP and other firms, including more than one telecom company, the source told CNBC. Humane has hired investment bank Tidal Partners to advise on a potential deal, the source said. The AI Pin costs $699 and requires a $24 monthly data subscription to T-Mobile . But when Humane sent the AI Pin to gadget reviewers in April, it was met with a tepid reception, with many calling it untrustworthy and not very useful.
Persons: Sam Altman, Marc Benioff Organizations: Apple, HP, CNBC, Humane, Partners, The New York Times, Microsoft, Tiger Global
☆ Cisco beefs up cybersecurity play with $28 bln Splunk deal
  + stars: | 2023-09-21 | by ( ) www.reuters.com   time to read: +1 min
The logo of networking gear maker Cisco Systems Inc is seen during GSMA's 2022 Mobile World Congress (MWC) in Barcelona, Spain February 28, 2022. REUTERS/Nacho Doce Acquire Licensing RightsSept 21 (Reuters) - Cisco Systems (CSCO.O) on Thursday agreed to acquire cybersecurity company Splunk (SPLK.O) for about $28 billion, in its biggest acquisition ever that would bolster its network security business. "Combined, Cisco and Splunk will become one of the world's largest software companies and will accelerate Cisco's business transformation to more recurring revenue," the companies said in a joint statement. Cisco shares were down nearly 5% in premarket, while trading in Splunk stock was halted. The deal, which was unanimously approved by the boards of both Cisco and Splunk, is expected to close by the end of the third quarter of 2024 subject to regulatory approvals.
Persons: Simpson Thacher, Moore, Morgan Stanley, Flom, Splunk, Yuvraj Malik, Anil D'Silva Organizations: Cisco Systems Inc, Congress, REUTERS, Cisco Systems, Splunk's, Cisco, Splunk, Tidal Partners, Bartlett, Qatalyst Partners, Thomson Locations: Barcelona, Spain, premarket, Cravath, Slate, Bengaluru
☆ Cisco working with M&A firm Tidal to acquire cybersecurity firm Splunk in $28 billion deal
  + stars: | 2023-09-21 | by ( ) edition.cnn.com   time to read: +1 min
A new mergers and acquisitions advisory firm launched last year by former Centerview Partners dealmakers has scored a big win by advising Cisco Systems on its $28 billion acquisition of cybersecurity firm Splunk. Based in Palo Alto, California, Tidal Partners was started by technology bankers David Handler and David Neequaye. “We’ve known David (Handler) and his partner David (Neequaye) for a very long time. Handler and Neequaye helped launch Centerview’s technology advisory group in 2008. The group went on to advise other major technology companies, including Cisco, Qualcomm Inc and Twilio.
Persons: Centerview Partners dealmakers, David Handler, David Neequaye, Qatalyst, Morgan Stanley, Splunk, Handler, “, David, we’ve, Chuck Robbins, Tidal’s, Neequaye, Bloom, Centerview Organizations: Centerview Partners, Cisco Systems, Tidal Partners, Cisco, Qatalyst Partners, NDS Group, AXOM Partners, Reuters, Qualcomm Inc, G2K, UBS Group Locations: Palo Alto , California, Centerview
☆ Cisco acquiring cybersecurity company Splunk in cash deal worth $28 billion
  + stars: | 2023-09-21 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com   time to read: +2 min
(Photo by Jakub Porzycki/NurPhoto via Getty Images)Cisco is acquiring cybersecurity software company Splunk for $157 a share in a cash deal worth about $28 billion, the company said Thursday. The acquisition is one of Cisco's largest, and continues an acquisition streak which has built out the company's cybersecurity offerings. Splunk is a cybersecurity company that helps enterprises monitor and analyze their data to minimize the risk of hacks and resolve technical issues faster. If Cisco backs out of the deal or is forced to do so because of regulatory intervention, it will pay Splunk a termination fee of $1.48 billion, according to a regulatory filing. If Splunk backs out of the deal for any reason, it will pay a $1 billion breakup fee to Cisco.
Persons: Jakub Porzycki, Chuck Robbins, Robbins, Simpson Thacher, Moore, Morgan Stanley, Flom, Splunk Organizations: Getty Images, Cisco, Tidal Partners, Qatalyst Partners Locations: Krakow, Poland, Slate
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