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HPE To Acquire Juniper Networks For $14 Billion
Hewlett Packard Enterprise (HPE) announced plans to buy data center networking hardware maker Juniper Networks for about $14 billion, or $40 per share, in an all-cash deal. The company expects to close the deal by the end of this year or in early 2025. CNBC reports: The acquisition would double HPE...
CNBC reports: The acquisition would double HPE's existing networking business after years of competition. HPE's networking segment was the company's top source of earnings before taxes, at $401 million on $1.4 billion in revenue, which was up 41%. Coming together would lead to $450 million in annual cost savings within three years of the deal's completion, HPE said.
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