Palo Alto to scoop up CyberArk for $25 billion to tackle AI-era threats

Palo Alto Networks will buy Israeli peer CyberArk Software for about $25 billion, in its biggest deal yet, as CEO Nikesh Arora seeks to create a comprehensive cybersecurity provider to tap into rising AI-driven demand.

Wednesday’s cash-and-stock deal, one of the largest tech takeovers this year, underscores a consolidation in the cybersecurity industry as customers streamline vendors after facing breaches while relying on a patchwork of firms.