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Palo Alto Networks 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’ stock fell roughly 2%.
The Santa Clara, California-based company could finalise a deal for CyberArk as soon as later this week, the report said.
CyberArk declined to comment on the report when contacted by Reuters. Palo Alto did not immediately respond.
Cybersecurity…
