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


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

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.

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)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Apple's upcoming iPhone will catapult the tech trendsetter into the age of AI
Georgia school shooting in the US highlights fears about classroom cellphone bans
Google faces new antitrust trial after ruling declaring search engine a monopoly
Awe and trepidation as AI comes for smartphones
Apple AI expected to star as new iPhones are unveiled
A blockbuster Chinese video game sparks debate on sexism in the nation’s gaming industry
AI isn’t magic, but can it be ‘agentic’?
AI-powered lie detectors can help tell if you’re lying on a Zoom call
What's in store with Bluetooth 6.0?
Musk dares the world to take on X as he scoffs at Brazil’s ban

Others Also Read