DoJ sues to block HPE's acquisition of Juniper - Breaking The News
    Download our appPlay StoreApp Store

    DoJ sues to block HPE's acquisition of Juniper

    HEWLETT PACKARD ENTERPRISE

    The United States Department of Justice (DoJ) sued to block Hewlett Packard Enterprise Company (HPE) from acquiring Juniper Networks Inc., citing antitrust concerns.

    "HPE and Juniper are successful companies. But rather than continue to compete as rivals in the WLAN marketplace, they seek to consolidate — increasing concentration in an already concentrated market,” acting Assistant Attorney General Omeed Assefi said. The DoJ further said that the $14 billion deal would "raise prices," "reduce innovation" and "diminish choice for scores of American businesses" and leave only two companies, HPE and Cisco Systems Inc. controlling over 70% of the market.

    HPE announced a deal to acquire Juniper Network in January last year, saying it would "double" its networking business and help it "lead in an AI-native environment."

    HPE's stock declined 3.05% to sell for $20.99 at 12:30 pm ET while Juniper Network's shares slumped 3.10%, selling for 34.05% after DoJ's announcement.

    Related News
    DoJ allegedly probes UnitedHealth's Medicare billing practices
    The United States Department of Justice (DoJ) is looking into the Medicare billing practices of UnitedHealth Group Inc., The Wall Street Journal reported on Friday citing sources.According to the sources, the investigation is focusing on the company's diagnoses recording practices, which trigger additional payments to its Medicare Advantage plans. Some medical providers, belonging to the group, were questioned in January.The sources further clarified that...
    Foxconn reportedly eyes partnership with Honda
    Taiwanese electronics giant Foxconn has reportedly put forward a proposal to Japanese carmaker Honda Motor for a strategic partnership, which would establish a collaborative framework involving four companies, including Nissan Motors and Mitsubishi Motors, sources told Nikkei Asia on Friday.The Wall Street Journal previously reported that Foxconn had shown interest in acquiring Nissan Motor Corporation to grow its electric vehicle business, Namely,...
    Trump appeal to end birthright citizenship denied
    The 9th United States Circuit Court of Appeals declined an emergency request by the Department of Justice (DoJ) to release the hold on the implementation of US President Donald Trump's executive order banning birthright citizenship.The court, which consisted of a judge appointed by Trump, a judge appointed by former President Jimmy Carter and one appointed by former President George Bush, stated that a closer review of the case will continue and the...
    Trump calls for DoJ overhaul, removes all Biden-era attorneys
    United States President Donald Trump confirmed on Truth Social that he had ordered the removal of all US attorneys appointed under President Joe Biden. He claimed the Department of Justice (DoJ) had become highly politicized over the past four years and said the firings were necessary to restore fairness. "We must clean house immediately and restore confidence," Trump wrote, emphasizing that a fair justice system is crucial for America's future.

    Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

    © 2025 TeleTrader Software GmbH. All rights reserved

    This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.