Reported about 23 hours ago
Palo Alto Networks has announced its acquisition of CyberArk in a cash-and-stock deal valued at approximately $25 billion. CyberArk, based in Israel, specializes in software that protects privileged accounts from attacks. Shareholders of CyberArk will receive $45 in cash along with shares of Palo Alto Networks stock. This move is aimed at expanding Palo Alto's presence in the identity security market and reinforcing its strategic pathway towards becoming a comprehensive cybersecurity provider. Both companies' boards have approved the deal, pending CyberArk shareholder approval, with the transaction expected to finalize in the latter half of fiscal 2026.
Source: YAHOO