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Hewlett Packard Enterprise (HPE) is reportedly in advanced negotiations to acquire Juniper Networks in a deal valued at approximately $13 billion, Reuters reported. A source familiar with the matter revealed that an official announcement could be made as early as this week.
It’s a strategic move to fortify its position in the rapidly evolving technology landscape with the potential acquisition a nearly century-old technology company, as it seeks to expand its capabilities in artificial intelligence (AI).
According to a report from The Wall Street Journal earlier in the day, the deal is expected to bolster HPE’s AI offerings. HPE’s stock experienced a 7.7% decline in response to the news, reflecting the market’s initial reaction to the potential acquisition.
Conversely, Juniper Networks witnessed a notable surge, with its shares jumping 21% during extended trading hours. While Hewlett Packard declined to comment on the WSJ report, Juniper Networks has not yet responded to Reuters’ request for comment, maintaining an air of confidentiality surrounding the negotiations.
This strategic move by HPE aligns with its trajectory in the technology space. Last year, the company announced the rollout of a cloud computing service explicitly designed to power AI systems, drawing parallels to the functionality demonstrated by advanced AI models, such as ChatGPT.
Juniper Networks, a renowned player in the network gear industry, offers a diverse portfolio of high-performance solutions, including routing, switching, Wi-Fi, network security, AI-enabled enterprise networking operations (AIOps), and software-defined networking (SDN) technologies.
The potential integration of Juniper’s capabilities could position HPE as a formidable force in the realm of AI-driven enterprise solutions.
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