HPE to Acquire Juniper Networks for $13 Billion

The Wall Street Journal reported on January 8 that Hewlett Packard Enterprise is in advanced talks to buy network gear maker Juniper Networks for about $13 billion to bolster the nearly 100-year-old technology company's artificial intelligence (AI) offerings.

According to the report, which cites people familiar with the matter, a deal between the two companies could be announced as soon as this week.

In extended trading, HPE shares fell 7.7 percent, while Juniper rose 21%. Hewlett Packard Enterprise declined to comment on the report, and Juniper Networks did not respond immediately to a request for comment from Reuters.

Last year, server manufacturer HPE announced the launch of a cloud computing service designed to power AI systems similar to ChatGPT. Routing, switching, Wireless Fidelity (Wi-Fi), network security, AI-enabled enterprise networking operations (AIOps), and software-defined networking (SDN) technologies are among Juniper's high-performance network and service offerings.

The Hewlett Packard Enterprise Company is an American multinational information technology corporation headquartered in Spring, Texas. HPE was founded on November 1, 2015, in Palo Alto, California, as part of the Hewlett-Packard company's split.