Breaking News: HPE's $14 Billion Acquisition of Juniper Networks Gets EU Approval
In a major development, the European Commission (EC) has given the green light to HPE's planned acquisition of Juniper Networks, stating that it raises no competition concerns in the European Economic Area. This comes just over a month after HPE notified the EC of the proposed transaction.
HPE first announced its intentions to acquire Juniper Networks back in January, with plans to combine their strengths in networking and IT infrastructure. The companies aim to accelerate AI-driven innovation by leveraging cloud infrastructure.
While Brazil has already granted unconditional clearance to the deal, the U.K. is still investigating and has two more weeks to decide on approval. The EU's approval is a significant milestone, indicating a step closer to finalizing the deal.
It is important to note that regulatory approvals are crucial in such large-scale acquisitions, as seen in the case of Microsoft's Activision acquisition last year. The U.K. has the power to either approve the deal or initiate a deeper investigation.
Overall, the approval from the EU marks a positive development for HPE and Juniper Networks. Stay tuned for further updates on this high-profile acquisition, as it could have significant implications for the tech industry and investors worldwide.