Reported about 9 hours ago
The US Justice Department has filed a lawsuit to block Hewlett Packard Enterprise's $14 billion acquisition of Juniper Networks, citing concerns that the deal would significantly reduce competition in the enterprise wireless market. The complaint argues that the consolidation of HPE, Juniper, and Cisco Systems into two major players would harm innovation and keep prices high. Both companies have defended the acquisition, claiming it will enhance competition and provide greater innovation for customers. The lawsuit represents the Justice Department's ongoing scrutiny of corporate mergers under the current administration.
Source: YAHOO