Palo Alto Networks Enters Agreement To Acquire CyberArk For Approximately $25 Billion

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The Public M&A team advised Qatalyst Partners as financial advisor to CyberArk (NASDAQ: CYBR) in connection with its definitive agreement to be acquired by Palo Alto Networks (NASDAQ: PANW).

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The Public M&A team advised Qatalyst Partners as financial advisor to CyberArk (NASDAQ: CYBR) in connection with its definitive agreement to be acquired by Palo Alto Networks (NASDAQ: PANW). Under the terms of the agreement, CyberArk shareholders will receive $45.00 in cash and 2.2005 shares of Palo Alto Networks common stock for each CyberArk share, representing an equity value of approximately $25 billion and a 26% premium to the unaffected 10-day average of CyberArk’s VWAPs as of July 25, 2025.

The Goodwin team was led by Joshua Zachariah, Blake Liggio, and Amanda Gill.

For more information on the agreement, please read the press release.

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