HPE, Juniper Networks Stocks Surge as DOJ Approves $14 Billion Merger
HPE, Juniper Networks Stocks Surge as DOJ Approves $14 Billion Merger
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Hewlett Packard Enterprise (HPE) and Juniper Networks (JNPR) shares experienced significant jumps Monday following the Department of Justice’s (DOJ) approval of HPE’s $14 billion acquisition of Juniper.
The landmark deal, which had faced a DOJ lawsuit filed in January over concerns about market competition in wireless local area network (WLAN) technology, received the green light after a settlement was reached. As part of the agreement, HPE will divest its global Instant On campus and branch WLAN business, and the merged entity will make Juniper’s AI Ops for Mist source code accessible to competitors.
The news propelled Juniper Networks shares up 8%, pushing them into positive territory for 2025, while Hewlett Packard Enterprise saw an 11% surge, leading early S&P 500 gainers. The acquisition is strategically important for HPE, aiming to strengthen its position in the rapidly expanding artificial intelligence product market, offering a “modern network architecture alternative” for AI workloads, according to HPE CEO Antonio Neri.
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