Hewlett Packard Enterprise Co. has agreed to purchase communications-networking supplier Juniper Networks, Inc. in an all-cash deal value round $14 billion, the businesses stated on Tuesday.
Shares of Juniper
JNPR,
rose 0.5% after hours, after leaping 21.8% throughout common buying and selling hours. Hewlett Packard
HPE,
shares had been down 0.4% after hours, after falling 8.9% through the day.
The Wall Street Journal reported the potential of a deal on Monday. Juniper has an AI section known as Mist AI.
“The acquisition is expected to double HPE’s networking business, creating a new networking leader with a comprehensive portfolio that presents customers and partners with a compelling new choice to drive business value,” the businesses stated in a launch.
“The explosion of AI and hybrid cloud-driven business is accelerating demand for secure, unified technology solutions that connect, protect, and analyze companies’ data from edge to cloud.”
Source web site: www.marketwatch.com
