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The Independent UK
The Independent UK
National
Matt Ott

Justice Department sues to block $14 billion Juniper buyout by Hewlett Packard Enterprise

Hewlett Packard Enterprise Juniper Acquisition - (AP2007)

The Justice Department sued to block Hewlett Packard Enterprise's $14 billion acquisition of rival Juniper Networks on Thursday, the first attempt to stop a merger by a brand new Trump administration that most expect will take a softer approach to mergers.

The Justice complaint alleges that Hewlett Packer Enterprise, under increased competitive pressure from the fast-rising Juniper, was forced to discount products and services and invest more in its own innovation, eventually leading the company to simply buy its rival.

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