Read about Hewlett Packard Enterprise and Juniper Networks' response to a Justice Department move to block the proposed $14 billion all-cash acquisition deal between the companies.

The U.S. Justice Department has sued to block tech giant HPE from acquiring Juniper Networks, the networking firm, citing antitrust concerns.

Juniper Networks stock fell Thursday after the Justice Department moved to block a planned acquisition of the networking company by Hewlett Packard Enterprise.The Justice Department filed a complaint in California district court that seeks to block the merger on antitrust grounds.

The US Department of Justice (DOJ) has filed a lawsuit to prevent Hewlett Packard Enterprise's (HPE) proposed $14bn deal to acquire rival Juniper Networks. HPE agreed to acquire networking gear maker Juniper Networks in an all-cash deal for $40 per share, valuing the latter at about $14bn, in January 2024.

The U.S. Department of Justice is suing to prevent HPE's $14 billion acquisition of Juniper Networks, saying that the blockbuster deal will “reduce competition and weaken innovation.”

More than a year ago, the server maker said that it would buy Juniper Networks for $14 billion in an all-cash deal.

DOJ cited reduced competition in the wireless market as the biggest problem with the proposed $14 billion sale of Juniper Networks to Hewlett Packard Enterprise. The vendors say they plan to “vigorously defend the transaction in court.

If the DOJ blocks HPE's acquisition of Juniper Networks, expect a change in the company's capital structure, a UBS analyst says.

The U.S. Justice Department has filed suit to block Hewlett Packard Enterprise Co.’s proposed acquisition of Juniper Networks Inc. for $14 billion. Officials submitted the complaint today to the U.S. District Court for the Northern District of California.

Hewlett Packard Enterprise Co. representatives met with Donald Trump’s antitrust enforcers on Tuesday over its $14 billion bid to buy Juniper Networks Inc., according to people familiar with the matter.