Palo Alto Networks Acquires CyberArk

February 19, 2026

Palo Alto Networks entered into a definitive cash-and-stock agreement to acquire CyberArk for approximately $25 billion in equity value. The deal was structured so that CyberArk shareholders would receive $45.00 in cash and 2.2005 shares of Palo Alto Networks stock for each CyberArk share. Palo Alto Networks later completed the acquisition on February 11, 2026.

Buyers
Palo Alto Networks
Targets
CyberArk
Industry
Cybersecurity
Location
Unknown, Israel
Transaction Type
Buyout

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