Hewlett Packard Enterprise (HPE) is poised to receive unconditional European Union (EU) antitrust approval for its US$14 billion (RM64.90 billion) acquisition of networking gear maker Juniper Networks, according to sources familiar with the matter.
Key Takeaways:
Acquisition Details: HPE announced the US$14 billion deal in January, highlighting the drive by companies to enhance and develop new products amid a significant increase in AI-driven services.
Regulatory Approval: The European Commission, which is set to decide on the deal by Aug 1, has not commented. HPE and Juniper have also not responded to requests for comment.
Antitrust Considerations: HPE is expected to emphasize the market power of Juniper's rival Cisco to address any potential EU competition concerns.
Additional Assessments: The deal is also under review by Britain's antitrust authority, with a decision expected by Aug 14.
This approval will mark a significant step for HPE in strengthening its position in the networking gear market, potentially leading to more innovations and enhanced product offerings in the AI and networking sectors.
Comments
Post a Comment