BRUSSELS – Hewlett Packard Enterprise (NYSE: HPE) is expected to secure unconditional EU antitrust approval for its $14 billion acquisition of networking gear maker Juniper Networks (NYSE: JNPR), people familiar with the matter said.
Hewlett Packard 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 and Juniper did not immediately respond to requests for comment. Hewlett-Packard declined to comment.
Hewlett Packard Enterprise (NYSE: HPE) was expected to underline the power of market leader and Juniper rival Cisco (NASDAQ: CSCO) 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.
(Source: Reuters)
Mary Lee is a freelance writer and journalist based in Toronto, Canada. She holds an M.S. degree in business and economic journalism from Columbia University’s Graduate School of Journalism in New York and a certificate in digital marketing from the University of Toronto.
