US DOJ settles antitrust case for HPE’s $14 billion takeover of Juniper

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The US Department of Justice has settled its lawsuit challenging server maker Hewlett Packard Enterprise‘s all-cash acquisition of Juniper Networks for $14 billion, according to court filings.

The settlement requires the combined company to divest HPE’s Instant On wireless networking business and license the source code for Juniper‘s Mist AI software used in Juniper’s WLAN (Wireless Local Area Network) products.

The joint settlement, filed late on Friday, requires approval by a judge and would avoid the need for a trial scheduled for July 9.

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US DOJ settles antitrust case for HPE’s $14 billion takeover of Juniper



The US Department of Justice has settled its lawsuit challenging server maker Hewlett Packard Enterprise‘s all-cash acquisition of Juniper Networks for $14 billion, according to court filings.

The settlement requires the combined company to divest HPE’s Instant On wireless networking business and license the source code for Juniper‘s Mist AI software used in Juniper’s WLAN (Wireless Local Area Network) products.

The joint settlement, filed late on Friday, requires approval by a judge and would avoid the need for a trial scheduled for July 9.

The…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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