HPE’s $14B Juniper Deal Gets UK Antitrust Approval

(Bloomberg) — Hewlett Packard Enterprise Co.’s $14 billion deal to buy Juniper Networks Inc. has been approved by the U.K. antitrust watchdog, paving the way for the company to expand its networking presence.

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The Competition and Markets Authority said on Wednesday it had cleared the deal after investigating whether it would cause a substantial reduction in competition in the UK.

The EU already approved the deal last week, saying it did not raise competition concerns in the markets examined. The U.S. Department of Justice is still reviewing the deal and has sent a so-called second request for more information.

Juniper, like its larger rival Cisco Systems Inc., makes networking devices such as routers and switches. Networking is the technology that directs the flow of information between devices and over the Internet. At the time of announcing the deal, HPE said it would pay $40 per Juniper share in cash.

“We will continue working to complete all remaining necessary reviews and secure additional authorizations quickly and efficiently,” said an HPE spokesperson. “We continue to expect to close by the end of calendar year 2024 or early 2025.”

(Updates with comment from an HPE spokesperson in final paragraph)

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