Palo Alto Networks (NASDAQ: PANW) has announced its acquisition of Israeli cybersecurity firm CyberArk Software (NASDAQ: CYBR) for a whopping $25 billion, marking the largest acquisition in the company's history.
Palo Alto will pay CyberArk investors $45 per share and 2.2005 PANW shares, according to a statement from the Santa Clara, California-headquartered company.
CyberArk Software Inc. (NASDAQ: CYBR) shares are trading higher Tuesday after a report from The Wall Street Journal revealed that Palo Alto Networks is in talks to acquire the company for more than $20 billion.
Palo Alto Networks, the most acquisitive cybersecurity firm, is in talks to acquire CyberArk, in what would mark its biggest deal to date under Chief Executive Nikesh Arora.
The deal could be announced as early as later this week, according to a report by The Wall Street Journal, which estimates that CyberArk could be valued at over $20 billion.
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