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.