"On November 19, 2025, the Company issued a press release announcing its entry into an Agreement and Plan of Merger (the "Merger Agreement") with Chronosphere, Inc., a Delaware corporation ("Chronosphere"), Caterpillar Strategies, Inc., a Delaware corporation and wholly owned subsidiary of the Company ("Merger Sub"), and the representative of the Chronosphere stockholders, pursuant to which, upon the terms and subject to the conditions therein, at the closing of the transactions contemplated by the Merger Agreement, Merger Sub will merge with and into Chronosphere, with Chronosphere continuing as the surviving corporation in the merger and a wholly owned subsidiary of the Company."
"Under the terms of the agreement, Palo Alto Networks will acquire Chronosphere for a total consideration of $3.35 billion, to be paid in cash and replacement equity awards, subject to adjustments."
"On January 29, 2026 (the "Closing Date"), Palo Alto Networks, Inc. (the "Company") completed the previously announced transactions contemplated by the Agreement and Plan of Merger (the "Merger Agreement") with Chronosphere, Inc., a Delaware corporation ("Chronosphere"), Caterpillar Strategies, Inc., a Delaware corporation and wholly owned subsidiary of the Company ("Merger Sub"), and the representative of the Chronosphere stockholders. On the Closing Date, Merger Sub merged with and into Chronosphere (the "Merger"), with Chronosphere continuing as the surviving corporation in the Merger and as a wholly owned subsidiary of the Company."
"Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, today announced it has completed its acquisition of Chronosphere addressing a core challenge of the AI era: the inability to see and secure the massive data volumes running modern businesses."
"Palo Alto Networks Inc. announced on Wednesday that it was acquiring Chronosphere Inc. for $3.35 billion to boost its AI-enabled cybersecurity offerings."
