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Palo Alto Networks in talks to buy CyberArk in deal worth over $20 billion, WSJ reports
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Palo Alto Networks in talks to buy CyberArk in deal worth over $20 billion, WSJ reports
Jul 29, 2025 9:56 AM

July 29 (Reuters) - Palo Alto Networks ( PANW ) 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' ( PANW )

stock fell roughly 2%. The companies did not immediately respond

to requests for comment from Reuters.

Cybersecurity deal activity has been robust in recent years

as large corporations have increased spending on security tools.

Rising competition among all-in-one cybersecurity

platforms has reshaped the industry, making several companies

attractive takeover targets for larger rivals and private equity

firms.

As of Monday's close, CyberArk had a market

capitalization of $19.3 billion, according to LSEG data.

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