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Hewlett Packard Enterprise Co. has agreed to buy communications-networking provider Juniper Networks, Inc. in an all-cash deal worth around $14 billion, the companies said on Tuesday.
Shares of Juniper
JNPR,
rose 0.5% after hours, after jumping 21.8% during regular trading hours. Hewlett Packard
HPE,
shares were down 0.4% after hours, after falling 8.9% during the day.
The Wall Street Journal reported the possibility of a deal on Monday. Juniper has an AI segment called Mist AI.
“The acquisition is expected to double HPE’s networking business, creating a new networking leader with a comprehensive portfolio that presents customers and partners with a compelling new choice to drive business value,” the companies said in a release.
“The explosion of AI and hybrid cloud-driven business is accelerating demand for secure, unified technology solutions that connect, protect, and analyze companies’ data from edge to cloud.”
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