Palo Alto CEO closes CyberArk deal after acquisition talks with Okta and Datadog

OKTA +3.22% DDOG -0.29% NVDA +2.12% CRWV -2.49% IREN -3.07%

1. 1Palo Alto Networks (PANW) CEO pursued acquisition talks with Okta (OKTA) and Datadog (DDOG) before announcing a $25 billion deal for CyberArk
2. 2Okta talks collapsed over price differences, Datadog declined without a formal offer…Chronosphere was acquired for $3.35 billion
3. 3Accelerating the deal amid confidence in a shifting AI threat landscape, with Kribble and ClickHouse under consideration as next targets

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