HP Enterprise Nears $13-B Deal To Buy Juniper Networks

Hewlett Packard Enterprise (HPE) is reportedly in talks to acquire Juniper Networks in a deal valuing the network gear maker at about $13 billion.

The potential deal is seen as an opportunity for HPE to enhance its nearly century-old technology offerings, particularly in artificial intelligence (AI). I Photo: Hewlett Packard Enterprise

According to a Reuters report by Shivani Tanna and Jyoti Narayan, a deal between the two companies could be announced as early as this week. In extended trading, HPE's shares fell 7.7%, while Juniper's jumped 21%.

The potential deal is seen as an opportunity for HPE to enhance its nearly century-old technology offerings, particularly in artificial intelligence (AI).

Last year, HPE announced the rollout of a cloud computing service designed to power AI systems similar to ChatGPT.

Juniper Networks, known for its high-performance network and service offerings, encompasses routing, switching, Wireless Fidelity (Wi-Fi), network security, AI-enabled enterprise networking operations (AIOps), and software-defined networking (SDN) technologies.

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