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Hewlett Packard Enterprise, Juniper Networks Stocks Jump as DOJ Approves Deal
Hewlett Packard Enterprise, Juniper Networks Stocks Jump as DOJ Approves Deal

Yahoo

time30-06-2025

  • Business
  • Yahoo

Hewlett Packard Enterprise, Juniper Networks Stocks Jump as DOJ Approves Deal

Hewlett Packard Enterprise's $14 billion purchase of Juniper Networks received Department of Justice approval. Regulators had filed suit to block the merger, pointing to concerns about limiting competition in wireless local area network (WLAN) technology. The deal requires Hewlett Packard Enterprise to divest its Instant On WLAN business and make Juniper's AI Ops for Mist source code open to other of Hewlett Packard Enterprise (HPE) and Juniper Networks (JNPR) jumped Monday after the two tech firms and the Department of Justice (DOJ) announced they had reached a deal to allow HPE's $14 billion purchase of Juniper to go through. Regulators had filed a lawsuit in January to block the acquisition, arguing that because of the companies' strength in wireless local area network (WLAN) technology, the combination "would eliminate fierce head-to-head competition between the companies, raise prices, reduce innovation, and diminish choice for scores of American businesses and institutions." HPE, Juniper, and the DOJ said the settlement satisfies the government's requirements, including having HPE divest its global Instant On campus and branch WLAN business, and that the merged firm will make Juniper's AI Ops for Mist source code available to rivals. The purchase of Juniper by the provider of IT solutions to businesses was aimed at boosting HPE's position in the booming market for artificial intelligence products. "For the first time, customers will now have a modern network architecture alternative that can best support the demands of AI workloads," HPE CEO Antonio Neri said. The news lifted Juniper Networks shares 8% and into positive territory for 2025. Shares of Hewlett Packard Enterprise soared 11% to lead early S&P 500 gainers Monday but remain in the red for the year. Read the original article on Investopedia

HPE and Juniper finalise settlement with US DOJ on $14bn merger
HPE and Juniper finalise settlement with US DOJ on $14bn merger

Yahoo

time30-06-2025

  • Business
  • Yahoo

HPE and Juniper finalise settlement with US DOJ on $14bn merger

Hewlett Packard Enterprise (HPE) and Juniper Networks have finalised a settlement with the US Department of Justice (DOJ) concerning their previously announced $14bn merger. The agreement, pending court approval, allows the transaction to proceed by addressing antitrust concerns raised by the DOJ. As part of the settlement, HPE has committed to sell its "Instant On" global campus and branch wireless local area network (WLAN) business within 180 days to a DOJ-approved buyer. This divestiture encompasses all assets, intellectual property, research and development staff, and customer relationships associated with the business line. Additionally, HPE must hold an auction to license Juniper's AI Ops for Mist source code to independent competitors. This licensing is intended to ensure continued competition in the WLAN sector by providing essential technology support on a perpetual, non-exclusive basis. DOJ Chief of Staff Chad Mizelle said: 'This marks another key legal victory from the Department of Justice's antitrust division. Our attorneys will continue fighting and winning to defend the American people and consumers.' The DOJ's lawsuit, filed in January 2025 in the Northern District of California, argued that the merger could significantly reduce competition in the enterprise wireless networking market. By consolidating market power predominantly between HPE and Cisco Systems, which collectively would control over 70% of the sector, there was concern that it could lead to higher prices and impede technological advancements. The DOJ emphasised Juniper's role in driving down costs and enhancing competition in WLAN technology, suggesting that its removal as an independent competitor would negatively impact market dynamics. HPE announced its intention to acquire Juniper in January 2024 at $40 per share in cash. Through the acquisition, HPE aims to integrate Juniper's resources and expertise into its existing offerings across networking silicon, systems, and software, aiming to meet complex connectivity requirements. In complying with settlement terms, HPE will also provide limited access to Juniper's advanced Mist AIOps technology post-acquisition. This measure seeks to balance competitive market conditions while maintaining value for HPE's stakeholders. HPE president and CEO Antonio Neri said: '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. 'For the first time, customers will now have a modern network architecture alternative that can best support the demands of AI workloads. 'The combination of HPE Aruba Networking and Juniper Networks will provide customers with a comprehensive portfolio of secure, AI-native networking solutions, and accelerate HPE's ability to grow in the AI data centre, service provider and cloud segments.' "HPE and Juniper finalise settlement with US DOJ on $14bn merger" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.

US Justice Department settles antitrust case for HPE's $14 billion takeover of Juniper
US Justice Department settles antitrust case for HPE's $14 billion takeover of Juniper

Time of India

time29-06-2025

  • Business
  • Time of India

US Justice Department settles antitrust case for HPE's $14 billion takeover of Juniper

By Rishabh Jaiswal The U.S. Justice Department has settled its lawsuit challenging server maker Hewlett Packard Enterprise 's all-cash acquisition of Juniper Networks for $14 billion, according to court filings. The settlement requires the combined company to divest HPE's Instant On wireless networking business and license the source code for Juniper's Mist AI software used in Juniper's WLAN (Wireless Local Area Network) products. The joint settlement, filed late on Friday, requires approval by a judge and would avoid the need for a trial scheduled for July 9. In a joint statement, HPE and Juniper said the agreement resolves the Justice Department's concerns and clears the way for the transaction to close. HPE CEO Antonio Neri said the deal would offer customers a "modern network architecture alternative" tailored for AI workloads. The Justice Department did not immediately respond to a Reuters request for comment outside business hours. The department sued to block the deal in January, arguing that it would stifle competition and lead to only two companies - Cisco Systems and HPE - controlling more than 70% of the U.S. market for networking equipment. In February, Juniper denied the government's allegations, saying in a filing that the complaint did not correctly represent the market dynamics for wireless network solutions and the companies' rationale for the deal. HPE said more than a year ago that it would acquire Juniper, as it looks to spruce up its artificial intelligence offerings.

Department of Justice settles with HPE and Juniper Networks: What you need to know
Department of Justice settles with HPE and Juniper Networks: What you need to know

Hindustan Times

time28-06-2025

  • Business
  • Hindustan Times

Department of Justice settles with HPE and Juniper Networks: What you need to know

The Department of Justice has reached a settlement in its lawsuit that challenged server maker Hewlett-Packard Enterprise's takeover of Juniper Networks for $14 billion, as per court filings. This comes when a trial was set to start in the matter in less than two weeks, Bloomberg reported. In an official release, the US Justice Department stated that it advised the court that a settlement was made with the two companies, adding that it allows their merger to continue. The Department of Justice has settled its lawsuit against Hewlett-Packard Enterprise's $14 billion acquisition of Juniper Networks. Photographer: Ian Maule/Bloomberg(Bloomberg) Gail Slater, Assistant Attorney General for the Antitrust Division, has thanked all from the department for their work on the case. Department of Justice Chief of Staff Chad Mizelle dubbed it "another key legal victory" for the division. "Our attorneys will continue fighting and winning to defend the American people and consumers,' Mizelle added. Also Read: Iran reopens central and western airspace after ceasefire with Israel: What does this mean for international flights? HPE, Juniper Networks reach settlement with Justice Department As part of the settlement, the combined company is required to divest HPE's Instant On wireless networking business as well as license the source code for Mist AI software of Juniper Networks. This is used in the company's Wireless Local Area Network (WLAN) products. The joint settlement was filed late Friday night and is now seeking the approval of a judge. This could avoid the matter going to court for the scheduled trial on July 9. A joint statement from the two companies stated that Hewlett Packard Enterprise had on January 9, 2024, announced the agreement to acquire Juniper in "an all-cash transaction". This was made for $40 per share, which represented the equity value of nearly $14 billion. They said that the agreement has now cleared the way for the transaction to close as it has resolved the concerns of the US Justice Department. Antonio Neri, president and CEO of HPE, said the agreement creates "greater competition in the global networking market,' besides offering customers a "modern network architecture alternative" to support the demands of AI workloads. The department filed a complaint against the deal in the federal court in late January 2025. It claimed that the deal would stifle competition, thus paving the way for only two companies, Cisco Systems and HPE, to control over 70 per cent of the US market for networking equipment, according to Reuters. A few weeks later, Juniper denied these allegations, stating that it failed to correctly represent the market dynamics for wireless network solutions. FAQs 1. When and where was the trial set to take place in the matter? It was scheduled to start on July 9 in San Jose, California. 2. What does the Justice Department's settlement mean for HPE and Juniper? This allows their merger to continue. 3. What's the merger deal? In January last year, HPE said that an agreement was reached to acquire Juniper in an all-cash transaction for nearly $14 billion.

US DOJ settles antitrust case for HPE's $14 billion takeover of Juniper
US DOJ settles antitrust case for HPE's $14 billion takeover of Juniper

Time of India

time28-06-2025

  • Business
  • Time of India

US DOJ settles antitrust case for HPE's $14 billion takeover of Juniper

Academy Empower your mind, elevate your skills The US Department of Justice has settled its lawsuit challenging server maker Hewlett Packard Enterprise 's all-cash acquisition of Juniper Networks for $14 billion, according to court settlement requires the combined company to divest HPE's Instant On wireless networking business and license the source code for Juniper 's Mist AI software used in Juniper's WLAN (Wireless Local Area Network) joint settlement, filed late on Friday, requires approval by a judge and would avoid the need for a trial scheduled for July Department of Justice (DOJ), HPE and Juniper did not immediately respond to a Reuters request for comment outside business DOJ sued to block the deal in January, arguing that it would stifle competition and lead to only two companies - Cisco Systems and HPE - controlling more than 70% of the US market for networking February, Juniper denied the DOJ's allegations, saying in a filing that the complaint does not correctly represent the market dynamics for wireless network solutions and the companies' rationale for the said more than a year ago that it would acquire Juniper, as it looks to spruce up its artificial intelligence offerings.

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