2/13, 8:31 PM (Source: TeleTrader)
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CISCO to make acquisition offer to FireEye - report

Networking hardware manufacturer Cisco Systems is preparing an offer to purchase cybersecurity company FireEye and has already hired Goldman Sachs to manage the transaction, people with knowledge of the plans told Okdiario.

"The conversations are very advanced and will materialize in an offer that will be presented in the coming weeks," the media outlet reported on Thursday, citing a source close to the process of selling FireEye.

It remains unclear, however, how much Cisco intends to offer to acquire FireEye.

The Milpitas, California-based cybersecurity company has seen a significant decline in the value of as many as 60% over the past five years. Meanwhile, Cisco's stock has experienced a 60% jump in value over the same period.

Breaking the News / GG