EU Commission approves Hewlett Packard Enterprise's $14bn acquisition of Juniper Networks without conditions.

The European Union Commission has approved Hewlett Packard Enterprise's $14 billion acquisition of Juniper Networks without conditions, determining that the merger will not significantly impact competition in the markets for wireless local area network equipment, access points, ethernet campus switches, and datacentre switches. The combined company maintains a moderate market position and faces competition from various other suppliers. The deal is currently under review by Britain's antitrust enforcer, with a decision expected on August 14th. The acquisition reflects the growing trend of businesses upgrading and developing new products in response to the growing demand for artificial intelligence-driven services.

August 01, 2024
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