Hewlett Packard set for unconditional EU nod for $14 billion Juniper deal, sources say

BRUSSELS :Hewlett Packard Endeavor (HPE) is anticipated to accumulate unconditional EU antitrust approval for its $14 billion acquisition of networking gear maker Juniper Networks, folks mindful of the matter acknowledged.

HPE offered the deal in January, underscoring the frenzy by companies to upgrade and create new merchandise amid a pointy upward thrust in synthetic intelligence-pushed products and services.

The European Price, which is scheduled to prefer the deal by Aug. 1, declined to comment.

HPE and Juniper didn’t straight acknowledge to requests for comment. Hewlett Packard declined to comment.

HPE became anticipated to underline the vitality of market leader and Juniper rival Cisco to allay any imaginable European Union competitors concerns, folks with instruct knowledge of the matter had beforehand told Reuters.

The deal is furthermore being assessed by Britain’s antitrust enforcer, with a call due on Aug. 14.