Hewlett Packard Enterprise is purchasing Juniper Networks in an all-cash offer valued at about $14 billion, which is preparedfor to double HPE’s networking company
ByThe Associated Press
January 10, 2024, 8: 12 AM
FILE-An outside view of Juniper Networks headoffice is revealed in Sunnyvale, Calif., in this Jan. 30, 2007 file image. Hewlett Packard Enterprise is purchasing Juniper Networks in an all-cash offer valued at about $14 billion, which is expected to double HPE’s networking service. HPE will pay $40 per Juniper share. The deal is anticipated to close either lateron in 2024, or early next year. It still requires approval from Juniper investors and regulators.(AP Photo/Paul Sakuma, file)
The Associated Press
Hewlett Packard Enterprise is purchasing Juniper Networks in an all-cash offer valued at about $14 billion, which is preparedfor to double HPE’s networking company.
Shares of both business increased before the market open on Wednesday. A Wall Street Journal report about a prospective offer saw Juniper’s stock rise 22% and HPE’s stock dip 9% before an authorities statement was made.
HPE will pay $40 per Juniper share.
Juniper, based in Sunnyvale, California, assists business gainaccessto the cloud facilities that serves as the f