Palo Alto Networks agrees to buy CyberArk for $25 billion

Core Insights - Palo Alto Networks announced its intent to acquire CyberArk for $25 billion, marking its entry into the identity security space [1] - This acquisition is part of a broader trend of aggressive expansion under CEO Nikesh Arora, who has overseen over $7 billion in acquisitions since 2018 [2] - The CyberArk deal is the largest acquisition by Palo Alto to date and one of the largest cybersecurity deals in 2025, following Google's acquisition of Wiz for $32 billion [3] Acquisition Details - The acquisition of CyberArk will be a mix of cash and stock [1] - Other notable acquisitions by Palo Alto include Dig Security for approximately $400 million, Talon Cyber Security for about $625 million, and Bridgecrew for $156 million [3]