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EU regulators to decide on $14 bln HP-Juniper deal by Aug. 1
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EU regulators to decide on $14 bln HP-Juniper deal by Aug. 1
Jun 28, 2024 3:39 AM

BRUSSELS, June 28 (Reuters) - EU antitrust regulators

will decide by Aug. 1 whether to clear Hewlett Packard

Enterprise's ( HPE ) $14 billion acquisition of networking gear

maker Juniper Networks ( JNPR ), a filing on the European

Commission website showed on Friday.

The deal announced in January would boost HPE's artificial

intelligence (AI) products and double its networking business,

underscoring the push by numerous companies to make AI their

next big growth driver.

The European Commission, which acts as the EU competition

enforcer, could clear the deal with or without demanding

concessions after its preliminary review or open a full-scale

investigation.

HPE is expected to point to market leader and Juniper rival

Cisco ( CSCO ) to ease any EU competition concerns.

The UK competition watchdog is also examining the deal, with

a decision due by Aug. 14.

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