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After EU approval, UK clears HPE's $14B Juniper Networks acquisition
HPEHPE(HPE) TechCrunch·2024-08-07 13:39

Group 1 - Hewlett Packard Enterprise's planned 14billionacquisitionofJuniperNetworksisclosertocompletionastheU.K.′sCompetitionandMarketsAuthorityhasconfirmedthatthedealwon′tfacefurtherscrutiny[1]−TheCMAhasupdatedthedeal′scasepagetoindicatethatithasclearedtheanticipatedacquisitionbyHewlettPackardEnterpriseCompanyofJuniperNetworks[1]−TheCMAlaunchedaninitialprobeintothemergertwomonthspriorandsetaJuly3deadlineforcomments,withadecisionduebyAugust14[1]Group2−TheU.K.hasrecentlyblockedsignificantacquisitions,suchasMicrosoft′s14 billion acquisition of Juniper Networks is closer to completion as the U.K.'s Competition and Markets Authority has confirmed that the deal won't face further scrutiny [1] - The CMA has updated the deal's case page to indicate that it has cleared the anticipated acquisition by Hewlett Packard Enterprise Company of Juniper Networks [1] - The CMA launched an initial probe into the merger two months prior and set a July 3 deadline for comments, with a decision due by August 14 [1] Group 2 - The U.K. has recently blocked significant acquisitions, such as Microsoft's 68.7 billion Activision purchase, but the EU approved the HPE-Juniper deal, indicating a strong sector [2] - The merger has circumvented its main regulatory roadblocks and is on track to meet HPE's anticipated closing date of early 2025 at the latest, barring any last-minute intervention from the U.S. Federal Trade Commission [2]