CEO Nikesh Arora intensified Palo Alto Networks' acquisition strategy with recent approaches for Datadog and Okta.
Discussions with Okta’s CEO occurred between late 2024 and early 2025. Disagreements over price caused these negotiations to collapse.
Arora held talks with Datadog’s CEO in the spring of 2025. These discussions ended without a formal offer because Datadog was not interested in a sale.
Arora is now evaluating new targets in the AI security sector. Potential candidates for future deals include Cribl and ClickHouse.
Palo Alto Networks, Datadog, and Okta have not commented on the reports.