TECH - HP Enterprise CEO Anticipates Smooth Sailing For $14B Juniper Acquisition In China | Benzinga
Antonio Neri, CEO of Hewlett Packard Enterprise Co (NYSE:HPE), expressed confidence regarding the company’s proposed $14 billion purchase of Juniper Networks Inc (NYSE:JNPR), anticipating no significant regulatory resistance in China.
What Happened: Neri does not foresee any major regulatory obstacles in China about HPE’s $14 billion bid for Juniper Networks. The acquisition proposal, revealed on Tuesday, is for a network firm well-known for creating bespoke networking chips and equipment used in data centers for artificial intelligence, according to Reuters.
The CEO believes that this acquisition will amplify HPE’s ability to furnish its AI computing products and services to organizations cautious of entrusting their data to cloud computing firms.
Neri noted that HPE’s business presence in China has dwindled following the sale of its stake in the China-based joint venture, H3C, last year, generating an estimated $3 billion in proceeds.
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