Palo Alto (PANW) Stock: CEO Held Talks to Buy Okta and Datadog Before CyberArk Deal

TLDR

• Palo Alto Networks CEO Nikesh Arora held acquisition talks with Okta between late 2024 and early 2025, but talks broke down over price.
• Arora also approached Datadog CEO Olivier Pomel in spring 2025, but Pomel was not interested and no formal offer was made.
• Palo Alto went on to acquire CyberArk for $25 billion in July 2025 and Chronosphere for $3.35 billion in January 2026.
• Those two deals contributed $338 million to the $3 billion in revenue Palo Alto generated in the April quarter.
• Arora is now reportedly eyeing Cribl, valued at $3.5 billion, and ClickHouse, valued at $15 billion, as potential targets.

Palo Alto Networks (PANW) CEO Nikesh Arora held talks to acquire both Okta and Datadog before they fell through, according to a report from The Information published Wednesday.

Palo Alto Networks, Inc., PANW

Between late 2024 and early 2025, Arora met several times with Okta CEO Todd McKinnon. The two companies discussed how their products could work together, but the conversations stalled over price disagreements.

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