Hewlett Packard Enterprise (HPE) is expected to secure unconditional approval from the European Union (EU) for its $14 billion acquisition of networking gear maker Juniper Networks. The EU, which is set to decide on the deal by August 1, has no concerns that the acquisition will harm competition in the market. HPE announced the deal in January, highlighting the growing trend of companies investing in new technologies, particularly those driven by artificial intelligence (AI).
The deal has also been reviewed by Britain’s antitrust enforcer, with a decision expected on August 14. HPE is expected to emphasize Cisco, a major competitor in the market, as a factor that ensures sufficient competition will remain post-acquisition. This acquisition signifies a significant step for HPE as it expands its presence in the networking market and strengthens its position in the evolving technological landscape.
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The deal’s smooth passage through regulatory scrutiny is a positive sign for HPE. It suggests that the company has successfully addressed any potential concerns about the acquisition impacting market competitiveness. The deal is expected to be finalized shortly, potentially marking a significant shift in the networking industry.