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Hewlett Packard Enterprise closes in on $13 billion Juniper Networks acquisition

Jan 09, 2024 - totaltele.com
Hewlett Packard Enterprise (HPE) is reportedly in late-stage discussions to acquire Juniper Networks in a deal potentially worth $13 billion. This would be HPE's largest acquisition since buying software firm Autonomy in 2011 for $11.7 billion. The acquisition is expected to strengthen HPE's position in the AI market, with Juniper Networks already having a significant presence in the industry through its AI service, Mist AI.

The news of the potential deal led to a 7.7% drop in HPE shares, while Juniper's shares jumped 21% in extended trading. This comes after Juniper Networks announced plans to lay off 440 employees last year following a 78% year-on-year decrease in revenue. Neither company has commented on the reported acquisition.

Key takeaways:

  • Hewlett Packard Enterprise (HPE) is reportedly in late-stage discussions to acquire Juniper Networks in a deal potentially worth $13 billion.
  • The acquisition could position HPE more competitively in the rapidly growing AI market.
  • Juniper Networks, which offers an AI service called Mist AI, saw its shares jump 21% in extended trading following the news, while HPE shares fell 7.7%.
  • Last year, Juniper Networks announced plans to lay off 440 employees due to a large revenue decrease of 78% year-on-year.
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