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DOJ Approves HPE’s $14B Juniper Deal With Wi-Fi Unit Sale

The approval requires HPE to divest its Instant On WLAN unit within 180 days under a settlement awaiting court confirmation.

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Overview

  • The Department of Justice will withdraw its antitrust lawsuit once HPE transfers its Instant On WLAN business to a DOJ-approved buyer.
  • HPE must hold an auction to license Juniper’s Mist AI Ops source code to independent competitors on a perpetual, non-exclusive basis.
  • This conditional clearance follows the European Commission’s July 2024 approval and still needs final sign-off from the U.K. regulator and a federal court.
  • HPE financed the acquisition mainly through new debt and plans to integrate Juniper’s AI-driven networking systems into its Intelligent Edge and hybrid cloud offerings.
  • Investors reacted positively on Monday, lifting HPE shares by 13% and Juniper stock by about 8.4% after the DOJ announcement.