HPE Spends $14 Billion For Juniper Networks
HPE Press Release
Hewlett Packard Enterprise (HPE) and Juniper Networks have announced a definitive agreement for HPE to acquire Juniper in an all-cash transaction for $40\)00 per share, representing an equity value of approximately $14 billion.
This acquisition is expected to double HPE’s networking business and create a new networking leader with a comprehensive portfolio.
The combination of both companies will advance HPE’s portfolio mix shift towards higher-growth solutions, strengthen its high-margin networking business, and accelerate its sustainable profitable growth strategy.
Upon completion, Juniper CEO Rami Rahim will lead the combined HPE networking business.
The transaction is expected to close in late 2024 or early 2025, subject to regulatory approvals and other customary closing conditions.
The combination will create a premier industry player that will accelerate innovation to deliver further modernized networking optimized for hybrid cloud and AI.
Link: https://www.hpe.com/us/en/newsroom/press-release/2024/01/hpe-to-acquire-juniper-networks-to-accelerate-ai-driven-innovation.html