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Fortune
Fortune
Jim Edwards

HPE got tangled up in MAGA conspiracy theories, and now its $14 billion merger with Juniper could be thrown out

Antonio Neri, CEO, HPE (Credit: Courtesy of HPE)
  • HPE’s $14 billion Juniper Networks acquisition faces renewed uncertainty despite DOJ approval, amid online conspiracy theories and political objections. A federal judge may review whether the merger is in the public interest, the result of controversy over a reversal of the DOJ’s initial opposition. Also, somehow Laura Loomer is involved, and no one knows why. HPE’s stock is down, and CEO Antonio Neri remains under pressure from activist investor Elliott Investment Management, which holds a $1.5 billion long position in the shares.

When Hewlett Packard Enterprise CEO Antonio Neri won a reversal from the U.S. Department of Justice, allowing HPE’s $14 billion acquisition of Juniper Networks to go ahead, he could have been forgiven for thinking his troubles were behind him.

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