Hewlett Packard Enterprise set for EU nod for $14 billion Juniper deal, sources say

[July 30, 2024]  By Foo Yun Chee
 
BRUSSELS (Reuters) -Hewlett Packard Enterprise (HPE) is expected to secure unconditional EU antitrust approval for its $14 billion acquisition of networking gear maker Juniper Networks, people familiar with the matter said.

Signs for Hewlett Packard Enterprise Co., cover the facade of the New York Stock Exchange November 2, 2015. REUTERS/Brendan McDermid/ File Photo

HPE announced the deal in January, underscoring the rush by companies to upgrade and develop new products amid a sharp rise in artificial intelligence-driven services.

The European Commission, which is scheduled to decide on the deal by Aug. 1, declined to comment.

HPE declined to comment. Juniper did not respond to requests for comment.

HPE was expected to underline the power of market leader and Juniper rival Cisco to allay any possible European Union competition concerns, other people with direct knowledge of the matter had previously told Reuters.

The deal is also being assessed by Britain's antitrust enforcer, with a decision due on Aug. 14.

(Reporting by Foo Yun Chee;Editing by Mark Potter and Emelia Sithole-Matarise)

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