|
The
Justice Department had sued to block the acquisition, saying it
could eliminate competition, raise prices and reduce innovation.
The settlement, which is subject to court approval, calls for
Hewlett Packard Enterprise to divest its global Instant On
campus and branch business. Hewlett Packard Enterprise will
facilitate limited access to Juniper’s advanced Mist AIOps
technology once the deal closes.
“Our agreement with the DOJ paves the way to close HPE’s
acquisition of Juniper Networks and preserves the intended
benefits of this deal for our customers and shareholders, while
creating greater competition in the global networking market,”
Antonio Neri, president and CEO of HPE, said in a statement.
Last year Hewlett Packard Enterprise announced that it was
buying Juniper Networks for $40 a share in a deal expected to
double HPE's networking business. Juniper provides routers,
switching gear and network security products from its
headquarters in Sunnyvale, California.
The Justice Department’s intervention — the first of the new
administration and just 10 days after Donald Trump’s
inauguration — came as somewhat of a surprise at the time. Most
predicted a second Trump administration would ease up on
antitrust enforcement and be more receptive to mergers and
deal-making after years of hypervigilance under former President
Joe Biden’s watch.
Shares of Hewlett Packard Enterprise surged more than 12% in
Monday afternoon trading, while Juniper Networks' stock climbed
more than 8%.
All contents © copyright 2025 Associated Press. All rights reserved
|
|
