Palo Alto Networks will takeover Israeli cybersecurity provider CyberArk in a deal valued at $25 billion.
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Palo Alto Networks
will take over Israeli identity security provider CyberArk
in a deal valued at roughly $25 billion.
The California-based cybersecurity company will pay shareholders $45 apiece for 2.2005 shares of CyberArk, representing a 26% premium to its share price Friday. The deal is expected to close during Palo Alto Networks’ fiscal year 2026.
Palo Alto Networks CEO Nikesh Arora has been on a buying spree in recent years, but CyberArk would represent by far his biggest…
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…
The cybersecurity company said in July it would by Israeli cybersecurity provider CyberArk for $25 billion.
Shares rose post-earnings Monday evening but were still down from when the company's interest in CyberArk was first reported.
Palo Alto has bet big on AI in recent months and launched an aggressive acquisition spree that included buying CyberArk for $25…
