Morrison Foerster advised Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, on its entry into a definitive agreement to acquire Chronosphere, a next-generation observability platform built to scale for the AI era, for a total consideration of $3.35 billion, to be paid in cash and replacement equity awards, subject to adjustments. The acquisition will strengthen Palo Alto Networks' ability to help organizations navigate a world where modern applications and AI workloads demand a unified data and security foundation.
The global MoFo team advising Palo Alto Networks was led by M&A partners Lauren Bellerjeau and Chere See and associates Sam Breaks, Joe Martin, Griffin Baumberger and Courtney Henf, with invaluable advice from partner Eric McCrath.
The team also included technology transactions partner Tessa Schwartz and associates Rohan George and Kevin Kallet; executive compensation + benefits partner Joshua Lerner and associates Yuan Xia and Sarah Doberneck; employment + labor partner Michael Schulman and associates Danielle Rich, Lara King and Niki Hendi; tax partners Dave Sturgeon and Trevor James and associate Seth Stowe; data, cyber + privacy partners Julie O’Neill and Annabel Gillham and associates Joshua Fattal and Dan Alam; antitrust/merger control/FDI partners Kerry Jones, Marie-Claire Strawbridge and Felix Helmstädter and associates Alexander Eisenfeld, Aaron Scheinman, Maria Requejo and Bjoern Rieder; export controls partner James Brower and associate Monika Weisman; government contracts partner Locke Bell and associates Ali McCann and Liam Bowers; and anti-corruption partner Ruti Smithline and associate Eduardo Schneider.
The acquisition is subject to customary closing conditions, including regulatory approvals, and is expected to close in Palo Alto Networks’ second half of fiscal 2026. More information can be found at Palo Alto Networks' press release.
