Reported 1 day ago
Palo Alto Networks is reportedly negotiating a potential acquisition of AI cybersecurity firm CyberArk for over $20 billion, with a deal possibly being finalized soon. While CyberArk shares rose significantly after the news, Palo Alto's shares experienced a decline. Analysts believe this acquisition aligns with Palo Alto's strategy to enhance its cybersecurity offerings in the growing AI sector.
Source: YAHOO