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.