Palo Alto Networks in talks to acquire CyberArk in $20 Billion deal: Report

The Wall Street Journal, according to Tuesday, Palo Alto Networks, Israeli Cyber Security company in an agreement that can value more than $ 20 billion in an agreement to purchase Cyberk software negotiations to buy.

While Cyberark shares increased by approximately 13%, Palo Alto Networks’ shares roughly dropped roughly.

The report may conclude an agreement for California -based Santa Clara, California -based company Cyberac.

No comments from companies

When Cyberk contacted Reuters, he refused to comment on the report. Palo Alto did not answer immediately.

Since large companies have increased expenditures on security vehicles, the cyber security agreement activity has been solid in recent years.

The Google-Babeveyn alphabet said that in March it will purchase Israeli Cyber Security Starting Wiz about $ 32 billion.

Increasing competition between cyber security platforms, all -in -one, reshapened the sector and made several companies a tow truck for larger competitors and private capital companies.

According to data compiled by LSEG, Cyberk’s market value was 19.3 billion dollars from the closing of Monday.