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Sept. 18, 2019, 6:30 p.m. EDT

Cisco tried to scoop up Datadog before IPO but got rebuffed: report

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By Wallace Witkowski

Cisco Systems Inc. /zigman2/quotes/209509471/composite CSCO +0.51% once again tried to swoop in and acquire a company as it ramped up for an initial public offering, but failed this time with a premium-valued bid for Datadog Inc. /zigman2/quotes/214127379/composite DDOG +5.47% , according to a report late Wednesday. With cloud-monitoring company Datadog set to price its IPO Wednesday, Bloomberg reported that Cisco tried to scoop up the company for more than $7 billion. Datadog set its IPO pricing range at $24 to $26 a share on Tuesday, up from a previous range of $19 to $22 a share. Back in 2017, Cisco agreed to acquire data startup AppDynamics for $3.7 billion just before its IPO. Datadog rebuffed the offer and committed to its IPO, according to Bloomberg.

/zigman2/quotes/209509471/composite
US : U.S.: Nasdaq
$ 47.03
+0.24 +0.51%
Volume: 14.39M
Oct. 17, 2019 4:00p
P/E Ratio
18.09
Dividend Yield
2.98%
Market Cap
$198.64 billion
Rev. per Employee
$684,933
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/zigman2/quotes/214127379/composite
US : U.S.: Nasdaq
$ 33.96
+1.76 +5.47%
Volume: 1.49M
Oct. 17, 2019 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$9.45 billion
Rev. per Employee
N/A
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