HP is hoping to win European Union approval for its $14 billion deal with Juniper Networks, people familiar with the matter said.Hewlett Packard Enterprise (HPE) (HPE.N), opens in a new tab, provides information on the matter.
HPE announced the partnership in January, signaling the company’s push to update its offerings and develop new products as the number of AI-enabled services increases.
The European Commission, which will make the decision on August 1, declined to comment. HPE declined to comment. Juniper did not respond to a request for comment. HPE hopes to leverage market leader and rival Juniper Cisco Systems Inc ( CSCO.O ) to address EU competition concerns, a person familiar with the matter told Reuters. Reuters earlier.
The action is being re-evaluated by the British commissioner, who will make a decision on August 14. Get the latest news and expert analysis on global economic trends with Reuters Economics. Register here.
Fu Yunzhi said. Editors: Mark Porter, Emilia Sithole-Matalis
