Hewlett Packard Enterprise in Last Phase of Talks to Acquire Juniper Networks

Hewlett Packard Enterprise Company, based in Spring, Texas, is reportedly very close to acquiring Juniper Networks, Inc., a networking hardware firm headquartered in Sunnyvale, California. Based on the available information, the information technology company is already in final talks that will seal the negotiations.

According to Reuters, the deal may be announced by Hewlett Packard Enterprise and Juniper Networks as soon as this week. The details were first relayed to The Wall Street Journal by sources who are said to be familiar with the matter. Then again, when contacted for comments, both companies failed to give an immediate response to the request.

Reports of the Deal Sent Stock Price Soaring

While the acquisition talks between Hewlett Packard Enterprise and Juniper Networks may still collapse at the last minute, it was reported that the possible deal already pushed stock prices up. HPE's stock saw a slight increase while Juniper's soared.

Investor's Business Daily reported that HPE saw its stock drop by about 8% in after-hours trading, but shares increased by 3.2% to $17.72 in Monday's regular session. As for Juniper, its stock went up by one percent on Monday, which is its highest close since July 2023.

Possible Deal Price

At any rate, business insiders said that Hewlett Packard Enterprise may spend $13 billion to buy Juniper Network, also operating an artificial intelligence business called Mist AI. Then again, the number can still change since the negotiations have not officially concluded.

The final figures could be disclosed at the formal announcement of the buyout deal, which is expected to happen very soon. Once completed, Hewlett Packard Enterprise will be in a better position in the technology field in this era of artificial intelligence.

Photo by: Hewlett-Packard Enterprise Media Assets