Palo Alto Networks in talks to acquire CyberArk in $20 Billion deal: Report
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.
CyberArk declined to comment on the report when contacted by Reuters. Palo Alto did not immediately respond.
Cybersecurity deal activity has been robust in recent years as large corporations have increased spending on security tools.
Google-parent Alphabet said in March it would buy Israeli cybersecurity startup Wiz for about $32 billion.
Rising competition among all-in-one cybersecurity platforms has reshaped the industry, making several companies attractive takeover targets for larger rivals and private equity firms.
As of Monday's close, CyberArk had a market capitalization of $19.3 billion, according to data compiled by LSEG.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
an hour ago
- Mint
Google CEO Sundar Pichai makes commentary debut at Oval, predicts ENG vs IND Test series winner; 'I'd put money on…'
Among the many hats that Sundar Pichai has worn over the years, the Google CEO added another to his list when he took up the mic for his commentary debut on Saturday during the fifth Test between India and England at The Oval in London. Known to be an avid cricket fan, Pichai sat beside Harsha Bhogle on live commentary on the third day of the Test match which is poised for a thrilling finish. Although Pichai was in the commentary box for a brief time, the Indian-American business executive made sure he entertained the listeners and viewers with his choice of words.
News18
2 hours ago
- News18
Google CEO Sundar Pichai Dons New Role, Video Of Him Doing Commentary Goes Viral
Google CEO Sundar Pichai joined Harsha Bhogle in the commentary box during the 5th Test between India and England, sharing childhood cricket memories. The ongoing 5 th Test between India and England has taken an interesting turn, where India can sight a series-levelling win. The excitement around the final Test of the Anderson-Tendulkar trophy drew Google CEO, Sundar Pichai, to the Oval when the likes of Yashasvi Jaiswal, Akash Deep, Ravindra Jadeja and Washington Sundar were tearing the England attack apart. Pichai was even invited to the commentary box, where he called the game alongside renowned broadcaster Harsha Bhogle and shared his fond memories of cricket from his childhood. Interestingly, Sundar was in the commentary box when Washington Sundar was taking India ahead in the second innings. Sundar brought The Oval to life on Day 3 of the fifth Test with a blistering counter-attack. His 39-ball fifty drew loud cheers and a standing ovation from both the crowd and the Indian dressing room, as he powered India into a position where a win suddenly looked within reach. With Ravindra Jadeja (53) and Mohammed Siraj falling in quick succession, the pressure shifted onto Sundar, who took it upon himself to push India past the 350-mark. He didn't just hold the fort—he launched an assault. At the end of the 84th over, Sundar was on a cautious 17 off 23 balls. But in the next 23 deliveries, he went into overdrive, racing to 53 with 4 sixes and 4 fours. The momentum had well and truly swung in India's favour. But just as the fireworks were peaking, Sundar miscued a big shot off Josh Tongue and was caught, bringing the curtains down on a fiery knock. With his dismissal, India were bowled out for 396 in their second innings, setting England a target of 374 runs to win. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
2 hours ago
- Time of India
ED makes first arrest in loan fraud case linked to Anil Ambani
New Delhi: The Enforcement Directorate (ED) late Friday evening arrested the managing director of an Odisha-based company - its first arrest in an alleged bank loan fraud case involving the Anil Dhirubhai Ambani Group (ADAG). Partha Sarathi Biswal, MD of Biswal Tradelink Pvt Ltd (BTPL), is accused of arranging a fake bank guarantee of ₹68 crore for an ADAG firm. Explore courses from Top Institutes in Please select course: Select a Course Category Others Product Management Data Science others Healthcare MBA PGDM Public Policy Leadership Project Management Finance Operations Management Management Cybersecurity healthcare Design Thinking Artificial Intelligence Data Analytics Degree CXO MCA Technology Digital Marketing Data Science Skills you'll gain: Duration: 9 months IIM Lucknow SEPO - IIML CHRO India Starts on undefined Get Details Skills you'll gain: Duration: 28 Weeks MICA CERT-MICA SBMPR Async India Starts on undefined Get Details Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT-ISB Transforming HR with Analytics & AI India Starts on undefined Get Details Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details According to the ED, its investigation has revealed that BTPL fraudulently arranged and submitted the fake bank guarantee along with forged SBI endorsements and fabricated confirmations on behalf of Reliance Nu Bess Ltd for a tender floated by Solar Energy Corporation of India Ltd (SECI). For this, BTPL received ₹5.40 crore from Reliance Nu Bess' parent, Reliance Power Ltd , ED has alleged. The ED carried out searches against Biswal Tradelink on Friday. Agency sources said the evidence gathered by ED confirmed the use of fake documents in the name of certain banks and fake email IDs in the name of SBI. "Probe reveals BTPL, a small company incorporated in 2019, maintained multiple undisclosed bank accounts and carried out transactions disproportionate to its declared turnover. Many violations of the Companies Act are found," the probe agency said in a news release on Saturday. Statutory records such as books of accounts and shareholders' registers were not found at the registered address, it said, adding: " Live Events Dummy directors are found to be used just to sign the documents." At least seven undisclosed bank accounts of the company were found and "proceeds of crime, of crores of rupees, have been traced to these accounts", it claimed. Biswal was produced before a Delhi court, which sent him to ED's custody till August 6. ET was the first to report on Friday that the ED had summoned Anil Ambani for questioning in connection with its investigation into the ₹17,000 crore alleged loan fraud case. Ambani has been asked to appear before the agency on August 5. According to the Enforcement Directorat, Biswal Tradelink ran a racket that issued fake bank guarantees to business groups. As per the agency, the Delhi Police filed the first information report in the case based on a Reliance Nu Bess company, accusing Biswal Tradelink of cheating it by promising to arrange bank guarantees for a fee and then providing a fake bank guarantee. According to the ED, Reliance Nu Bess wrongly claimed that it was cheated. "Documentary evidence reveals that apparently the two parties acted in collusion. The directors of Biswal Tradelink were found to be previous directors of Reliance group," a senior official had told ET. A statement issued by the Reliance Group on Friday said: "The company and its subsidiaries acted bonafidely and have been a victim of fraud, forgery and cheating conspiracy. The company has made due disclosure on this to the stock exchanges on November 7, 2024," it said. It further said "a criminal complaint in this regard has already been lodged with the Economic Offences Wing (EOW) of Delhi Police against the third party on October 16, 2024" and that the "due process of law will follow".
