HPE-Juniper deal comes a step closer with EU approval

Date:
Tue, 30 Jul 2024 10:33:58 +0000

Description:
Europe could grant regulatory permission for HPEs Juniper Networks takeover despite UK CMA investigation.

FULL STORY ======================================================================

Hewlett Packard Enterprise (HPE) is expected to receive unconditional EU antitrust approval for its acquisition of Juniper Networks, according to sources familiar with the matter (via Reuters ).

The European Commission, which is set to announce its decision on August 1, has not commented on the potential approval. Neither have HPE or Juniper.

That being said, Britains Competition and Markets Authority (CMA) has
launched an initial investigation into the takeover, and the second phase of its investigation could come into play on August 14. EU expected to approve HPE-Juniper acquisition

HPE hopes that the acquisition, first announced in January 2024 , will strengthen its position in the market for AI and hybrid cloud applications by incorporating Junipers networking solutions.

The company could cite Ciscos dominant market position as a counterargument against any competition concerns.

In the UK, the CMAs initial review will determine if the acquisition warrants a more in-depth investigation. Its unclear whether Europes decision could influence the CMAs.

If HPEs deal is approved and goes ahead, it would significantly expand the Texas-headquartered tech giants networking division. HPE also purchased Californian Aruba Networks for $3 billion in 2015.

The Juniper deal has not been without scrutiny, though. Some have expressed concerns about reduced market options post-merger. The potential elimination of overlapping products between Juniper and Aruba could reduce options further.

With the right regulatory approval, HPE and Junipers merger could close by late 2024 or early 2025. HPE, which saw a modest 3% increase in quarterly revenue to $7.2 billion in the three months that ended April 30, could get a healthy boost following the takeover, while Juniper is expected to benefit from HPEs broader reach. More from TechRadar Pro UK regulator set to probe HPEs $14bn Juniper Networks acquisition These are the best small business servers Here are the best cloud hosting providers



======================================================================
Link to news story: https://www.techradar.com/pro/hpe-juniper-deal-comes-a-step-closer-with-eu-app roval


--- Mystic BBS v1.12 A47 (Linux/64)
* Origin: tqwNet Technology News (1337:1/100)