Justice blocks $14B Hewlett Packard Enterprise buyout of Juniper, first antitrust action under Trump administration
- The U.S. Department of Justice has sued to block Hewlett Packard Enterprise's $14 billion deal to acquire Juniper Networks, arguing that it would stifle competition and reduce innovation.
- The DOJ stated that the acquisition would lead to only two companies, Cisco Systems and HPE, controlling more than 70% of the U.S. Market for networking equipment.
- The lawsuit marks the first antitrust action under the Trump administration, occurring just 10 days after Donald Trump's inauguration.
- Concerns were raised by HPE salespeople about Juniper, with a former executive allegedly encouraging his team to 'kill Juniper' in sales competitions.
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Total News Sources0
Leaning Left7Leaning Right9Center13Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 24%
C 45%
R 31%
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