Palo Alto Weighs Buying CyberArk for Over $20 Billion, WSJ Says

Palo Alto Networks Inc. is in talks to buy CyberArk Software Ltd. in a deal that could value the Israeli cybersecurity firm at more than $20 billion, according to the Wall Street Journal.

Palo Alto Networks may finalize a deal as soon as this week, the Journal reported Tuesday, citing people familiar with the matter whom it didn’t identify. CyberArk declined to comment. Palo Alto Networks didn’t respond to a request for comment.

Alphabet Inc.’s $32 billion takeover of Wiz earlier this year has accelerated interest in cybersecurity investments. In April, Palo Alto announced plans to buy the startup ...