HP Enterprise Nears $13 Billion Agreement to Acquire Juniper Networks
(Reuters) – Hewlett Packard Enterprise is in talks to buy Juniper Networks in a deal that values the networking equipment maker at about $13 billion, a person familiar with the matter told Reuters on Monday.
According to the source, the agreement between the two companies can be announced as early as this week.
Hewlett Packard shares fell 7.7%, while Juniper jumped 21% in extended trading.
According to a WSJ report earlier in the day, the deal would help strengthen the nearly 100-year-old tech company’s artificial intelligence (AI) offering.
Hewlett Packard declined to comment on the WSJ report, while Juniper Networks did not immediately respond to Reuters’ request for comment.
Server maker HPE announced last year that it was launching a cloud service designed to deliver AI systems like ChatGPT.
Juniper’s high-performance networking and service offerings include routing, switching, Wireless Fidelity (Wi-Fi), network security, AI-powered enterprise network operations (AIOps), and software-defined networking (SDN).
