- Hewlett Packard Enterprise (HPE, Financial) and Juniper Networks (JNPR) have reached a settlement with the U.S. Department of Justice, allowing their acquisition deal to proceed.
- The transaction, valued at approximately $14 billion, is set to enhance competition in the global networking market.
- HPE agrees to divest its Instant On business and limit access to Juniper's Mist AIOps technology as part of the settlement.
Hewlett Packard Enterprise (HPE) and Juniper Networks (JNPR) have announced a settlement with the U.S. Department of Justice, which clears the path for HPE’s planned acquisition of Juniper Networks. The agreement, pending court approval, resolves the DOJ’s concerns regarding the merger and enables the transaction to finalize.
The acquisition, initially announced on January 9, 2024, entails an all-cash transaction of $40.00 per share, valuing Juniper Networks at approximately $14 billion. The integration aims to merge HPE's Aruba Networking with Juniper Networks, facilitating a robust offering of secure, AI-native networking solutions. This strategic move is expected to significantly benefit enterprise, service provider, and cloud segments by offering an alternative to traditional networking solutions.
As part of the settlement terms, HPE has agreed to divest its global Instant On campus and branch business. Additionally, HPE will provide limited access to Juniper's advanced Mist AIOps technology post-acquisition. The agreement maintains the transaction's value for HPE's customers, partners, and shareholders while fostering enhanced competition and innovation within the sector.
The collaboration between HPE and Juniper promises accelerated innovation across networking systems, software, and silicon, addressing the complex connectivity needs of customers. With a comprehensive portfolio of modern, secure networking solutions, the combined entity aims to simplify and accelerate AI transformations for organizations globally.
