HPE Acquires Juniper Networks for $14B After Settling Antitrust Case
This week Hewlett-Packard Enterprise settled its antitrust case with America's Justice Department, "paving the way for its acquisition of rival kit maker Juniper Networks," reported Telecoms.com:
Under the agreement, HPE has agreed to divest its Instant On unit, which sells a range of enterprise-grade Wi-Fi networking equipment for campus and branch deployments. It has also agreed to license Juniper's Mist AIOps source code — a software suite that enables AI-based network automation and management. HPE can live with that, since its primary motivation for buying Juniper is to improve its prospects in an IT networking market dominated by Cisco, where others like Arista and increasingly Nokia and Nvidia are also trying to make inroads.
And after receiving regulatory clearance, HPE "very quickly closed the deal..." reports The Motley Fool. "In the press release heralding the news, the buyer wrote that it "doubles the size of HPE's networking business and provides customers with a comprehensive portfolio of networking solutions."
Investors were obviously happy about this, as according to data compiled by S&P Global Market Intelligence the company's stock price ballooned by nearly 16% across the week, largely on the news.... The Justice Department had alleged, in a lawsuit filed in January, that an HPE/Juniper tie-up would essentially result in a duopoly in networking equipment. It claimed that a beefed-up HPE and networking incumbent Cisco would hold more than 70% combined of the domestic market.
Thanks to long-time Slashdot reader AmiMoJo for sharing the news.
Read more of this story at Slashdot.