Palo Alto Networks to acquire CyberArk in $25 billion deal

Palo Alto Networks will take over Israeli identity security provider CyberArk in a deal valued at roughly $25 billion.The California-based cybersecurity company will pay $45 a share for CyberArk, representing a 26% premium to its share price Friday.Shares of Palo Alto fell more than 7% before the bell Wednesday, building on a 5% loss from Tuesday. CyberArk's stock dipped 2%.Palo Alto Networks intends to use the deal to officially penetrate the identity security market and improve its multi-layer offering fo ...