Data-to-Everything Platform Splunk Announces $1 Billion Investment

Aitechpark25 Jun, 2021Technology

Ken Hao, Chairman and Managing Partner, to Join Splunk?s Board of Directors Splunk Inc. (NASDAQ: SPLK), provider of the Data-to-Everything Platform, today announced that Silver Lake, a global leader in technology investing, will make a $1 billion investment in convertible senior notes to support the continued transformation of its business. Splunk expects to use the proceeds from the new investment to fund growth initiatives and manage its capital structure, including a newly authorized share repurchase program of up to $1 billion that will be executed over time.