Palo Alto Networks is in talks to acquire CyberArk Software for over $20 billion, as reported by the Wall Street Journal. CyberArk’s shares surged 13%, while Palo Alto’s stock dropped 2%. The deal could be finalized later this week. CyberArk has a market cap of $19.3 billion. Google’s parent company Alphabet recently acquired Israeli cybersecurity startup Wiz for $32 billion. The cybersecurity industry has seen increased M&A activity due to rising competition.

Read more at Yahoo Finance: Palo Alto Networks in talks to buy CyberArk in deal worth over $20 billion, WSJ reports