On March 3rd, Okta (OKTA) announced a $6.5 billion deal to acquire Auth0, which is a top online identity management platform for application teams. Unfortunately, Wall Street was not thrilled with the move. For the next week or so, shares dropped from $269 to below $200.  It should be noted, however, that Okta stock has since recovered some of its losses and is currently trading at around $230. Large acquisitions in the tech world can be dicey, and the integration can be extremely difficult. So, has Okta blundered here? Or perhaps Wall Street is missing something? Let’s take a closer look.
https://www.tipranks.com/news/article/okta-goes-big-with-auth0-but-does-the-6-5b-deal-make-sense-top-blogger-weighs-in