Cisco Systems (NASDAQ:CSCO)
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--Cisco Systems Inc. has proposed buying software company Datadog Inc. for a value significantly higher than the $7 billion Datadog is aiming for in an initial public offering, Bloomberg reported Wednesday, citing sources familiar with the matter.
--Datadog rejected the proposal, opting to continue with its IPO, and claimed the company will be worth more over time, sources said, according to the report.
--Datadog raised its IPO share price on Tuesday to a range of $24 to $26 a share from $19 to $22, per filings.
Full story: https://www.bloomberg.com/news/articles/2019-09-18/cisco-is-said-to-have-bid-7-billion-plus-for-datadog-before-ipo
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(END) Dow Jones Newswires
September 18, 2019 18:22 ET (22:22 GMT)
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