Palo Alto Networks, Inc. (NasdaqGS:PANW) entered into a definitive agreement to acquire Koi Security Inc. from a group of shareholders for $300 million on February 16, 2026. The total consideration includes $300 million in cash and replacement awards, subject to adjustments. The acquisition is expected to close in Palo Alto Networks? second half of fiscal 2026, subject to the satisfaction of closing conditions, including regulatory clearance. Lauren Bellerjeau, Chere See, Tessa Schwartz, Joshua Lerner, Yuan Xia, Michael Schulman, Dave Sturgeon, Julie O?Neill, Kerry Jones, James Brower and Ruti Smithline of Morrison Foerster acted as legal advisors to Palo Alto Networks.

Palo Alto Networks, Inc. (NasdaqGS:PANW) completed the acquisition of Koi Security Inc. from a group of shareholders for $400 million on April 14, 2026.