Particle.news
Download on the App Store
3 ARTICLES
·
3w ago

DOJ and HPE Settle Antitrust Suit to Advance $14 Billion Juniper Deal

HPE must divest its Instant On wireless business to license Juniper’s Mist AI software pending a judge’s approval.

Figurines with computers and smartphones are seen in front of Hewlett Packard Enterprise logo in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
The Department of Justice has settled its lawsuit against Hewlett-Packard Enterprise's $14 billion acquisition of Juniper Networks. Photographer: Ian Maule/Bloomberg

Overview

  • On June 28, the Department of Justice and the companies filed a settlement in federal court to avert the July 9 antitrust trial.
  • Under the agreement, HPE will sell its Instant On wireless networking unit and grant a license to Juniper’s Mist AI source code for WLAN products.
  • The joint filing now awaits judicial approval, clearing the way for the $14 billion all-cash acquisition first announced in January 2024 to close.
  • HPE financed the takeover largely through new debt as it aims to integrate Juniper’s AI-driven networking tools into its hybrid cloud offerings to better challenge Cisco.
  • The deal has already won European Commission approval and remains under review by UK regulators, illustrating global scrutiny over major tech consolidations.