HPE confirms deal to buy Juniper Networks

HPE confirms deal to buy Juniper Networks

11 months ago
Anonymous $6hYC3Wwiad

https://techmonitor.ai/technology/networks/hpe-deal-juniper-networks

Hewlett Packard Enterprise (HPE) will buy Juniper Networks for approximately $14bn, the enterprise technology company has confirmed. If agreed, the deal will see the latter’s shareholders receive $40 per share in cash. The acquisition will also augment HPE’s networking capabilities amid rising demand for faster intra-server communication speeds amid heightened market interest in AI applications. 

“This transaction will strengthen HPE’s position at the nexus of accelerating macro-AI trends, expand our total addressable market, and drive further innovation for customers as we help bridge the AI-native and cloud-native worlds,” said HPE’s chief executive, Antonio Neri, in a statement.