Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st.

Take part in solutions driven discussions on how to drive business value and unlock opportunity

while remaining nimble in times of change and greater ESG accountability.

Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore.

That's Bloomberg Live.com slash sustainable Biz Singapore.

From the heart of where innovation, money and power collide in Silicon Valley and beyond,

this is Bloomberg Technology with Caroline Hyde and Edna Edla Loa. Live from Bloomberg's World Headquarters in New York, come Caroline High.

And I'm Ed Ludlow right next door. This is Bloomberg Technology.

Coming up, Cisco buying Splunk in a $28 billion deal that pushes it into AI.

We'll bring you the terms of the deal and what it means for M&A.

And from M&A to IPOs will get a read on the state of the market with Jeff Thomas from Nasdak as

companies see their trading debut pop begin to fade.

Plus we'll bring you the latest in the media world.

Robert Murdoch steps down from the Fox News Corp and writers and studios that engine... world.

Robert Murdoch steps down from the Fox News Corp and writers and studios

they're inching closer to a deal.

All that and so much more ahead.

Let's bring in Jim Fish, analyst at Piper Sanler, who has a neutral rating on

Cisco, $57 price target.

And ultimately, is this a good deal

despite the amount that they're paying in terms of premium?

Yeah, thanks for having me first off.

...