💨 Abstract

The Department of Justice has filed a lawsuit to block Hewlett Packard Enterprise's (HPE) $14 billion acquisition of Juniper Networks. The DOJ argues that the deal would eliminate competition, resulting in Cisco Systems and HPE controlling over 70% of the U.S. market for networking equipment. HPE announced the all-cash deal last year to improve its artificial intelligence offerings. HPE and Juniper have yet to comment.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖