Palo Alto Networks CEO Nikesh Arora has been on a buying spree in recent years, but CyberArk would represent by far his biggest bet.
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CyberArk
shares soared as much as 18% on Tuesday after The Wall Street Journal reported that cybersecurity provider Palo Alto Networks
has held discussions to buy the identity management software maker for over $20 billion.
Representatives of the two companies didn’t immediately respond to requests for comment.
Palo Alto Networks will takeover Israeli cybersecurity provider CyberArk in a deal valued at $25 billion.
Another major Israeli cybersecurity firm has been sold in a blockbuster deal. Following Wiz's $32 billion sale, CyberArk is now…
The cybersecurity giant is getting into identity security with its acquisition of CyberArk, which is one of the biggest…
Palo Alto has bet big on AI in recent months and launched an aggressive acquisition spree that included buying CyberArk for $25…
Cybersecurity stocks have plunged this year on worries that AI will disrupt their business models.
Shares rose post-earnings Monday evening but were still down from when the company's interest in CyberArk was first reported.
