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 finalize a deal for CyberArk as soon as later this week, the report said.
