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Symantec's Play for Splunk Ends After Review

Photographer: Balint Porneczi/Bloomberg

Symantec Corp. held talks to acquire Splunk Inc. but called them off after reviewing the analytics software company’s finances, people familiar with the matter said.

The data-security provider saw San Francisco-based Splunk as overvalued by the market based on Symantec’s estimates, said the people, who asked not to be identified because the discussions were private. It isn’t clear what specific issues caused Symantec to step back.