DOJ Sues To Block HPE’s $14B Acquisition Of Juniper Networks, Claims Deal Will ‘Reduce Competition, Weaken Innovation’
The U.S. Department of Justice is suing to prevent HPE's $14 billion acquisition of Juniper Networks, saying that the blockbuster deal will “reduce competition and weaken innovation.”
HPE and Juniper Networks criticized the DoJ lawsuit to stop its $14 billion acquisition of Juniper Networks as “fundamentally flawed” and pledged to do battle in the courts to complete the deal.
Juniper Networks shares fell 6% as the DOJ may block its acquisition by HPE, creating uncertainty about deal completion.
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Dept. of Justice may sue to block HPE's acquisition of Juniper Networks due to concerns over competition with Cisco.
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