Hewlett Packard Enterprise (HPE) is on the verge of securing unconditional European Union antitrust approval for its $14 billion acquisition of networking gear maker Juniper Networks, according to Reuters. Sources familiar with the matter have indicated that the approval could be finalized without the imposition of additional conditions, smoothing the path for one of the tech industry’s significant recent deals.
Hewlett Packard announced the acquisition of Juniper in January, highlighting the accelerating trend among companies to enhance and innovate their product lines amidst the growing demand for artificial intelligence-driven services. The move is seen as part of a broader strategy by HPE to bolster its competitive edge and expand its market reach. When contacted, both Hewlett Packard and Juniper Networks did not immediately provide comments.
Per Reuters, HPE is expected to address any potential EU competition concerns by emphasizing the market dominance of Cisco, a key competitor to Juniper. This strategy aims to alleviate worries that the acquisition could stifle competition within the networking gear market.
In addition to the EU review, the acquisition is under scrutiny by the United Kingdom’s Competition and Markets Authority (CMA). The British antitrust enforcer is set to deliver its decision on the transaction by August 14. The outcome of these regulatory reviews will be crucial in determining the final approval and subsequent impact of the merger on the industry.
Source: Reuters
Featured News
Canadian Watchdog Launches In-Depth Study of Airline Industry
Jul 29, 2024 by
CPI
Hewlett Packard Nears EU Approval for $14 Billion Juniper Networks Deal
Jul 29, 2024 by
CPI
Volkswagen and Rivian Joint Venture Cleared by German Competition Authority
Jul 29, 2024 by
CPI
Mauritius Launches Antitrust Probe into Pharmaceutical Sector
Jul 29, 2024 by
CPI
DOJ Pushes for TikTok Sale Amid National Security Concerns
Jul 29, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Trade & Antitrust
Jul 26, 2024 by
CPI
What is Wrong with the WTO Discipline on Subsidies?
Jul 26, 2024 by
CPI
The Abiding Tension Between Trade Remedy Law and Antitrust
Jul 26, 2024 by
CPI
Trade and Antitrust: An End to Isolationism
Jul 26, 2024 by
CPI
International Trade Law and Domestic Regulation of Generative Artificial Intelligence: Divergent Approaches?
Jul 26, 2024 by
CPI