CyberArk completes USD25b sale to Palo Alto Networks, creating TASE’s most valuable listed company
The USD 25 billion acquisition of CyberArk by Palo Alto Networks has been finalized, combining its identity security platform with Palo Alto’s broader AI-driven cybersecurity portfolio. The transaction ranks among the largest deals in the global cybersecurity sector and one of the most significant acquisitions involving an Israeli technology company.
Following completion of the acquisition, Palo Alto Networks will list its shares on the Tel Aviv Stock Exchange under the ticker CYBR, while continuing to trade on Nasdaq under PANW. The dual listing is expected to position Palo Alto Networks as the largest company by market capitalization on the TASE, significantly reshaping the exchange’s composition and liquidity profile.
Meitar and Latham & Watkins represented CyberArk in connection with the transaction. Wachtell, Lipton, Rosen & Katz represented Palo Alto.
