Palo Alto Networks in talks to buy CyberArk in deal worth over $20 billion: Report

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Palo Alto Networks is in talks to acquire CyberArk Software in a deal that could value the Israeli cybersecurity firm at more than $20 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

Shares in CyberArk rose about 13%, while Palo Alto Networks’ stock fell roughly 2%.

The Santa Clara, California-based company could finalise a deal for CyberArk as soon as later this week, the report said.

CyberArk declined to comment on the report when contacted by Reuters. Palo Alto did not immediately respond.

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Palo Alto Networks in talks to buy CyberArk in deal worth over $20 billion: Report



Palo Alto Networks is in talks to acquire CyberArk Software in a deal that could value the Israeli cybersecurity firm at more than $20 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

Shares in CyberArk rose about 13%, while Palo Alto Networks’ stock fell roughly 2%.

The Santa Clara, California-based company could finalise a deal for CyberArk as soon as later this week, the report said.

CyberArk declined to comment on the report when contacted by Reuters. Palo Alto did not immediately respond.

Cybersecurity…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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