HPE set to gain EU approval for $14 billion Juniper deal
The cautious approach from all parties involved underscores the sensitivity and high stakes associated with such large-scale acquisitions.
Hewlett Packard Enterprise (HPE) is anticipated to receive unconditional EU antitrust approval for its $14 billion acquisition of Juniper Networks, a leading networking gear maker. The acquisition, announced in January, highlights the industry’s urgency to innovate and develop new products in response to the surge in artificial intelligence-driven services.
The European Commission is set to decide on the deal by 1 August. Both HPE and Juniper have declined to comment on the matter. Sources suggest that HPE plans to emphasise the dominant market position of Cisco, Juniper’s main competitor, to mitigate any potential competition concerns from the EU.
In addition to the EU review, the deal is also under scrutiny by the UK’s antitrust authorities, with their decision expected by 14 August. The acquisition marks a significant move in the tech industry as companies strive to stay competitive in the rapidly evolving AI landscape.
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