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Palo Alto Networks Secures $25 Billion Acquisition of CyberArk

This deal provides Palo Alto a foothold in privileged access management at a strategic inflection point for defending against AI-enabled cyber threats.

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CHONGQING, CHINA - MAY 18: In this photo illustration, the logo of Palo Alto Networks, Inc. is displayed on a smartphone screen, with the company's latest stock market chart in the background, reflecting investor sentiment and recent trading activity, on May 18, 2025, in Chongqing, China. Palo Alto Networks is a leading American multinational cybersecurity company that provides advanced firewalls, cloud-based security, and AI-driven threat intelligence solutions to businesses and governments worldwide. (Photo Illustration by Cheng Xin/Getty Images)
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Overview

  • Under the terms of the agreement, CyberArk shareholders will receive $45 in cash plus 2.2005 shares of Palo Alto Networks stock per share, reflecting a 26% premium.
  • The deal, valued at about $25 billion, marks Palo Alto’s largest acquisition to date as it formally enters the identity security market.
  • Having received unanimous board approval, the transaction is expected to close in the second half of fiscal 2026 pending regulatory clearances and CyberArk shareholder approval.
  • Integration of CyberArk’s privileged access management platform into Palo Alto’s Strata and Cortex suites will begin after closing to deliver unified identity-aware security.
  • The agreement underscores a broader industry consolidation trend driven by rising AI-powered threats and customer demand for integrated security solutions.