Sources: Cisco approached Datadog recently with a takeover offer significantly higher than the $7B valuation it is aiming for in an IPO expected this week (Bloomberg)

Bloomberg:
Sources: Cisco approached Datadog recently with a takeover offer significantly higher than the $7B valuation it is aiming for in an IPO expected this week  —  - Software company rejected offer to instead pursue IPO  — Datadog expected to raise up to $624 million Wednesday