Hewlett Packard Enterprise is buying Juniper Networks in an all-cash deal valued at about $14 billion, which is anticipated to double HPE’s networking business. HPE will pay $40 per Juniper share. Based in Sunnyvale, California, Juniper helps companies access the cloud infrastructure that serves as the foundation of digital and AI strategies. Juniper CEO Rami Rahim will lead the combined HPE networking business. The transaction is expected to close either later this year or early next year. It still needs approval from Juniper shareholders and regulators.
