Juniper was so far advanced in its artificial intelligence capabilities, HPE felt so threatened that it tried to buy them out.
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 Department of Justice (DOJ) on Thursday sued to block Hewlett Packard Enterprise (HPE) from acquiring Juniper Networks, arguing that the merger between the nation’s second- and third-largest
Hewlett Packard is set to merge with Juniper for $14 billion. However, the U.S. Justice Department is suing to block the merger.
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.
(Reuters) -The Department of Justice has sued to block Hewlett Packard Enterprise's $14 billion deal to acquire Juniper Networks, according to a complaint filed on Thursday in a federal court in California. Shares of network equipment maker fell about 3% while the server maker's stock was down about 2%.
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.
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HPE CEO Antonio Neri said the U.S. DoJ lawsuit to prevent HPE's $14 billion acquisition of Juniper Networks fails to recognize national security interests and customer support for the deal.