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Okta Closes $6.5 Billion Auth0 Acquisition

TheMotleyFool

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Okta Closes $6.5 Billion Auth0 Acquisition

IT identity protection specialist Okta (NASDAQ: OKTA) officially became one asset larger Monday. The company announced that morning that its acquisition of privately held peer Auth0 had closed, sewing up a deal that was originally valued at $6.5 billion.

Okta first announced the acquisition in early March. While the purchase price is seen by some as a bit rich, Okta is paying for it entirely with Class A common stock.

Image source: Getty Images.

Source Fool.com

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