1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,520 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,400 --> 00:00:18,479 Speaker 2: There's time for the stock movers right now. Let's drive 5 00:00:18,560 --> 00:00:20,520 Speaker 2: right into it with earnings this afternoon. 6 00:00:20,600 --> 00:00:23,720 Speaker 1: John Tucker with our Stockmover's podcast, John, What do you. 7 00:00:23,640 --> 00:00:27,360 Speaker 3: Have and who likes deal news better than former investment bankers? 8 00:00:28,160 --> 00:00:28,400 Speaker 2: Sure? 9 00:00:28,480 --> 00:00:32,159 Speaker 3: Hello? Alto Networks going to buy cyber Arc Software cash 10 00:00:32,200 --> 00:00:36,240 Speaker 3: and stock. Deal it values the Israeli cybersecurity company at 11 00:00:36,320 --> 00:00:39,240 Speaker 3: twenty five billion dollars, So Palo Alto is going to 12 00:00:39,280 --> 00:00:43,519 Speaker 3: pay cyber Arc investors forty five dollars per share and 13 00:00:44,040 --> 00:00:47,280 Speaker 3: two point two shares of Palo Alto stock. The company 14 00:00:47,320 --> 00:00:50,280 Speaker 3: say the value applies a twenty six percent premium to 15 00:00:50,320 --> 00:00:53,240 Speaker 3: cyber Arc shares. This has to be on a volume 16 00:00:53,240 --> 00:00:56,440 Speaker 3: weighted average over ten days because the Wall Street Journal 17 00:00:56,480 --> 00:00:59,960 Speaker 3: first reported on the acquisition talks. It's expected to call 18 00:01:00,200 --> 00:01:03,320 Speaker 3: during the second half of the fiscal twenty twenty six 19 00:01:03,360 --> 00:01:07,760 Speaker 3: for Palo Alto. This is CEO nikesha A Rora's largest 20 00:01:07,800 --> 00:01:10,920 Speaker 3: deal since taking the helm in twenty eighteen. It also 21 00:01:10,959 --> 00:01:15,480 Speaker 3: gives Palo Alto Networks a suite of identity security tools. 22 00:01:15,800 --> 00:01:18,199 Speaker 3: It's going to help users determine who should have certain 23 00:01:18,240 --> 00:01:22,360 Speaker 3: access rights within an organization. You can also use these 24 00:01:22,440 --> 00:01:26,319 Speaker 3: with AI programs. It's all going to be in higher 25 00:01:26,319 --> 00:01:29,959 Speaker 3: demand as more companies use AI agents to perform lots 26 00:01:30,240 --> 00:01:30,800 Speaker 3: of tasks. 27 00:01:30,800 --> 00:01:34,480 Speaker 2: Guess who's advising the seller here, cyber Arc Catalyst Partners, 28 00:01:34,480 --> 00:01:38,200 Speaker 2: and people don't know. Catalyst Partners is Frank Quatron's M 29 00:01:38,200 --> 00:01:41,319 Speaker 2: and A advisory firm Mountain, Silicon Valley, the absolute dean 30 00:01:41,840 --> 00:01:45,640 Speaker 2: of technology M and A for forty years, starting at 31 00:01:45,640 --> 00:01:50,280 Speaker 2: Morgan Stanley Credit Swiss First Boston. He's done every big 32 00:01:50,480 --> 00:01:53,560 Speaker 2: M and A trade in Silicon Valley, every big IPO 33 00:01:53,800 --> 00:01:56,480 Speaker 2: in Silicon Valley, and it's seventy one years of age. 34 00:01:56,480 --> 00:01:57,800 Speaker 1: He's still at it Hoo's. 35 00:01:57,840 --> 00:02:00,560 Speaker 3: The fees are associated with yes. 36 00:02:00,600 --> 00:02:03,120 Speaker 2: Minimum minimum three percent on the sell side. You get 37 00:02:03,120 --> 00:02:04,520 Speaker 2: paid more on a sell side than need on the 38 00:02:04,520 --> 00:02:05,160 Speaker 2: buy side. 39 00:02:05,560 --> 00:02:09,640 Speaker 3: There's an agreement between JP, Morgan Chase and Coinbase Global, 40 00:02:10,280 --> 00:02:14,480 Speaker 3: an agreement to directly link customers bank accounts to their 41 00:02:14,520 --> 00:02:20,400 Speaker 3: cryptocurrency wallets. Banks and financial technology companies increasingly are also 42 00:02:20,560 --> 00:02:24,200 Speaker 3: clashing over who's got access to customer data and at 43 00:02:24,200 --> 00:02:27,720 Speaker 3: what cost, you know, And I think the Winkle Boss, 44 00:02:27,919 --> 00:02:31,280 Speaker 3: one of the Winklevoss the Winkle Wire in the winkleviyre well, 45 00:02:31,400 --> 00:02:33,920 Speaker 3: they were all against this in terms of the fees. 46 00:02:34,440 --> 00:02:38,080 Speaker 3: The deal establishes a direct connection between Chase Bank accounts 47 00:02:38,480 --> 00:02:42,440 Speaker 3: and Coinbase crypto wallets. Bank to want of connections are 48 00:02:42,440 --> 00:02:46,720 Speaker 3: expended to go live next year. According to Incular, he's 49 00:02:46,720 --> 00:02:49,600 Speaker 3: in a JP Morgan in the Apple new Apple card 50 00:02:49,680 --> 00:02:54,920 Speaker 3: or whatever is Well, yeah, one more quickly, let's see, Uh, well, Microsoft, 51 00:02:55,000 --> 00:02:56,680 Speaker 3: do you want to just preview that for a second. 52 00:02:56,680 --> 00:03:00,000 Speaker 3: It's expected to post a fourteen percent rise and sale 53 00:03:00,000 --> 00:03:03,560 Speaker 3: else this comes, you know, after the closer regular trading. 54 00:03:03,560 --> 00:03:05,880 Speaker 3: We're going to find out more about this. It reports 55 00:03:05,919 --> 00:03:09,440 Speaker 3: fiscal fourth quarter results. Investors is going to track the 56 00:03:09,520 --> 00:03:13,280 Speaker 3: software maker, in part because they'll try to gauge trends 57 00:03:13,280 --> 00:03:17,920 Speaker 3: in AI technologies. Thanks to the partnership with the Open Ai, 58 00:03:18,000 --> 00:03:21,560 Speaker 3: they've emerged as a leader in commercializing AI. 59 00:03:23,000 --> 00:03:27,040 Speaker 1: This Stock Movers report from Bloomberg Radio. Check back with 60 00:03:27,120 --> 00:03:29,679 Speaker 1: us throughout the day for the latest roundup of companies 61 00:03:29,760 --> 00:03:32,880 Speaker 1: making news on Wall Street and for the latest market 62 00:03:32,880 --> 00:03:37,360 Speaker 1: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 63 00:03:37,440 --> 00:03:40,960 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 64 00:03:41,040 --> 00:03:42,520 Speaker 1: the Bloomberg Business app.