Reported about 14 hours ago
The Justice Department has filed a lawsuit aimed at blocking Hewlett Packard Enterprise's $14 billion purchase of Juniper Networks, citing concerns that the merger would reduce competition, increase prices, and stifle innovation in the wireless local area network market. HPE and Juniper strongly oppose the DOJ's decision, arguing that the merger would actually promote competition by creating a more innovative environment in the networking market. This legal action marks the first major antitrust intervention from the new Trump administration, surprising many who anticipated a softer stance on mergers.
Source: YAHOO