evrimagaci.org on Nostr: DOJ Files Lawsuit To Block HPE's Juniper Acquisition ========== The U.S. Department ...
DOJ Files Lawsuit To Block HPE's Juniper Acquisition
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The U.S. Department of Justice (DOJ) filed a lawsuit on February 1, 2025, to block Hewlett Packard Enterprise's (HPE) proposed $14 billion acquisition of Juniper Networks, which was initially agreed upon earlier in the year at $40 per share. The DOJ argues the merger would violate the Clayton Act by reducing competition and innovation in the tech sector, particularly in the wireless LAN (WLAN) market where HPE and Juniper are the second and third largest vendors. Acting Assistant Attorney General Omeed A. Assafi stated that the merger would harm American businesses reliant on wireless networks. HPE and Juniper have criticized the lawsuit as flawed, asserting it would enhance competition against Cisco Systems, which holds a 41% market share. Industry experts, including Zeus Kerravala and Crawford Del Prete, support the merger, arguing it would create a stronger competitor and drive innovation. The DOJ's stance contrasts with global regulators, including those in the UK and EU, who have approved the merger without objection.
#Doj #Hpe #JuniperNetworks #Acquisition #Lawsuit #Competition #Technology #Wireless #Cisco #Market
https://evrimagaci.org/tpg/doj-files-lawsuit-to-block-hpes-juniper-acquisition-175469
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The U.S. Department of Justice (DOJ) filed a lawsuit on February 1, 2025, to block Hewlett Packard Enterprise's (HPE) proposed $14 billion acquisition of Juniper Networks, which was initially agreed upon earlier in the year at $40 per share. The DOJ argues the merger would violate the Clayton Act by reducing competition and innovation in the tech sector, particularly in the wireless LAN (WLAN) market where HPE and Juniper are the second and third largest vendors. Acting Assistant Attorney General Omeed A. Assafi stated that the merger would harm American businesses reliant on wireless networks. HPE and Juniper have criticized the lawsuit as flawed, asserting it would enhance competition against Cisco Systems, which holds a 41% market share. Industry experts, including Zeus Kerravala and Crawford Del Prete, support the merger, arguing it would create a stronger competitor and drive innovation. The DOJ's stance contrasts with global regulators, including those in the UK and EU, who have approved the merger without objection.
#Doj #Hpe #JuniperNetworks #Acquisition #Lawsuit #Competition #Technology #Wireless #Cisco #Market
https://evrimagaci.org/tpg/doj-files-lawsuit-to-block-hpes-juniper-acquisition-175469