
Palo Alto Networks (NASDAQ:PANW) has announced its acquisition of Israeli cybersecurity firm CyberArk Software (NASDAQ:CYBR) for a whopping $25 billion, marking the largest acquisition in the company’s history.
What Happened: The acquisition, revealed on Wednesday, will be a combination of cash and stock. CyberArk investors will receive $45.00 in cash and 2.2005 shares of Palo Alto for each share they own.