Sources: Palo Alto Networks is buying Cider Security for up to $300M

More consolidation is afoot in the world of cyber security. TechCrunch has learned from sources that Palo Alto Networks is going to be announcing the acquisition of Cider Security for $200 million in cash and a further $100 million in shares. The deal has been rumored for weeks, but we understand that investors have now been informed, and staff is also being looped in on the deal, which will be made official when Palo Alto reports its earnings later today.
Palo Alto has not responded to our request for comment.
Cider Security, based out of Israel, is one of a number of companies that focuses o

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