Subj : UK regulator set to probe HPEs $14bn Juniper Networks acquisition
To   : All
From : TechnologyDaily
Date : Thu Jun 20 2024 13:45:05

UK regulator set to probe HPEs $14bn Juniper Networks acquisition

Date:
Thu, 20 Jun 2024 12:32:30 +0000

Description:
UK CMA launches early investigation into HPEs planned acquisition of Juniper 
Networks over competition concerns.

FULL STORY
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The UK Competition and Markets Authority (CMA) has confirmed plans to 
investigate Hewlett Packard Enterprises (HPE) upcoming acquisition of Juniper 
Networks . 

In a statement , the CMA said it would launch a merger inquiry which would 
come into effect on June 20. 

Those who believe that the merger may affect their market position are being 
invited to share comments with the CMA until July 3, opening up a two-week 
window for HPE rivals to scrutinize the companys plans. CMA investigation 

The Competition and Markets Authority (CMA) is considering whether it is or 
may be the case that this transaction, if carried into effect, will result in 
the creation of a relevant merger situation under the merger provisions of 
the Enterprise Act 2002," it added. 

The CMA did not go into detail about why it has launched its first-phase 
investigation, but confirmed that a second phase could come into play from 
August 14. 

HPE announced the deal back in January 2024, revealing it would buy the 
companys shares for $40, equating to a total valuation of around $14 billion. 

Back then, the company stated that the merge was expected to double its 
networking business. 

HPE President and CEO Antonio Neri commented: This transaction will 
strengthen HPEs position at the nexus of accelerating macro-AI trends, expand 
our total addressable market, and drive further innovation for customers as 
we help bridge the AI-native and cloud-native worlds. 

Neri confirmed that Junipers workers would retain their positions under the 
new HPE ownership. 

Juniper Networks CEO Rami Rahim added: By joining HPE, I believe we can 
accelerate the next phase of our journey. 

HPE acknowledged that the deal would be subject to regulatory approval, 
indicating that the acquisition could be complete by the end of 2024 or in 
early 2025. 

For now, the future of Juniper Networks under the HPE umbrella remains 
uncertain, with the CMA mounting similar pressures as other regulators, 
including antitrust investigators, around the world. More from TechRadar Pro 
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Link to news story:
https://www.techradar.com/pro/uk-regulator-set-to-probe-hpes-dollar14bn-junipe
r-networks-acquisition


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