10. FireEye Sale Rumors Have Persisted For Years
An October 2019 report from DealReporter indicated that FireEye was holding talks to potentially sell its product business after struggling to find buyers for the entire company. Earlier that same month, Business Insider reported that private equity firms were believed to be the most likely buyer of FireEye after the company failed to attract the interest of strategic buyers in an earlier process.
Then in March 2020, Spanish news outlet Okdiario reported that Cisco Systems was putting together an offer to purchase FireEye and was expected to present the bid in the coming weeks. Okdiario reported that Cisco and FireEye had engaged in a long period of negotiation and were “closer than ever” in their positions, meaning that a formal offer could be presented in the coming weeks.
This wasn’t the first time Cisco and FireEye were linked in acquisition reports. In fact, a May 2015 report from Seeking Alpha and Nasdaq that Cisco had put in a $9 billion bid to purchase FireEye prompted a denial from the company’s then-CEO John Chambers. “We don’t comment on acquisitions that haven’t been announced, but I wouldn’t count on the one that you may be hearing about today,” he said.