Private equity firm Hellman & Friedman has taken a 7.5% stake in software maker Splunk worth about $1.45bn, according to a regulatory filing on Friday.
Shares of Splunk, which has a market value of nearly $20bn, rose 1% in pre-market trading.
Splunk had received a takeover offer worth more than $20 billion from Cisco Systems Inc, The Wall Street Journal reported earlier this month.
Read more: Reuters
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