Overview
- CyberArk investors will receive $45 in cash and 2.2005 shares of Palo Alto Networks common stock per share, valuing the transaction at roughly $25 billion and reflecting a 29.2% premium to pre-deal levels.
- Both boards have unanimously approved the deal, which awaits regulatory review and a CyberArk shareholder vote ahead of a projected close in the second half of Palo Alto’s fiscal 2026.
- The acquisition represents Palo Alto’s largest transaction to date and marks its formal entry into the identity security market.
- Palo Alto plans to integrate CyberArk’s privileged access management tools into its Strata and Cortex platforms to deliver AI-driven, identity-aware security across networks and endpoints.
- The deal highlights a wider industry push toward consolidated cybersecurity platforms designed to counter escalating AI-driven and machine identity threats.