Looks like this consolidation move is going ahead…:
Cisco is putting together an offer to purchase platform security vendor FireEye and expects to present the bid in the coming weeks, according to Spanish news outlet Okdiario.
Sources told Okdiario that the talks between San Jose, Calif.-based Cisco and FireEye are very advanced and expected to materialize in an offer in the weeks ahead. The Okdiario report comes four months after Business Insider indicated that FireEye had hired Goldman Sachs to advise the Milpitas, Calif.-based company in a sale process that was expected to net a private equity buyer.
Both FireEye and Cisco declined to comment on the acquisition report, while Goldman Sachs didn’t immediately respond to a request for comment. Okdiario also reported that FireEye has hired Goldman Sachs to manage its sale.