Juniper was so far advanced in its artificial intelligence capabilities, HPE felt so threatened that it tried to buy them out.
Hewlett Packard Enterprise shares are trading lower Thursday after the U.S. Department of Justice (DOJ) filed an antitrust lawsuit to block its proposed $14 billion acquisition of Juniper Networks.
The Justice Department has blocked Hewlett-Packard Enterprise Co.’s (HPE) proposed $14 billion takeover of a communications rival. According to a recent report, Juniper Networks Inc. (Juniper) has been the focus of the ongoing saga.
Hewlett Packard Enterprise (NYSE:HPE) and Juniper Networks, Inc. (NYSE:JNPR) today responded to the filing of a complaint by the U.S. Department of Justice seeking to prohibit closing of HPE’s propose
The Justice Department sued to block Hewlett Packard Enterprise's $14 billion acquisition of rival Juniper Networks on Thursday.
The challenge to Hewlett Packard Enterprise’s acquisition of Juniper Networks came as many in corporate America had expected a lighter touch under a new administration.
The lawsuit said that the combination of businesses would eliminate competition, raise prices and reduce innovation.
The US Justice Department sued to block Hewlett Packard Enterprise's $14 billion acquisition of rival Juniper Networks on Thursday, the first attempt to stop a merger by a new Trump administration that is expected to take a softer approach to mergers.
The Justice Department on Thursday sued to block the tie-up, a $14 billion deal that would join the second- and third-largest companies providing wireless networking solutions for large corporate customers.
Hewlett Packard Enterprise (NYSE:HPE) and Juniper Networks, Inc. (NYSE:JNPR) today responded to the filing of a complaint by the U.S. Department of Justice seeking to prohibit closing of HPE's proposed acquisition of Juniper:
The US Department of Justice filed a lawsuit on Thursday in an attempt to block Hewlett Packard Enterprise's (HPE) proposed $14 billion acquisition for Juniper Networks (JNPR), arguing the combination would significantly reduce competition.