The UK government is launching an investigation into Hewlett Packard Enterprise’s proposed $14 billion acquisition of Juniper Networks. The deal has raised concerns about potential competition issues in the technology sector. The Competition and Markets Authority will assess whether the acquisition could potentially harm competition and consumer choice. HP Enterprise announced the deal in October, which would allow the company to expand its presence in the networking and security market. However, the UK regulator will now need to determine if the acquisition could lead to a concentration of power that could harm competition. HP Enterprise has stated that it is cooperating with the investigation and remains confident that the deal will ultimately benefit consumers and drive innovation in the industry. Juniper Networks is a leading provider of networking solutions, and the acquisition would significantly strengthen HP Enterprise’s position in the market. The UK investigation is expected to take several months to complete, and the outcome will have significant implications for the future of the technology sector.
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https://www.reuters.com/markets/deals/uk-probes-hewlett-packard-enterprises-14-bln-deal-juniper-networks-2024-06-19/