Hewlett Packard close to agreement to buy Juniper Networks
The approximately $13 billion deal aims to reposition the technology company in the artificial intelligence sector
1' min read
1' min read
After Apple, Hewlett Packard Enterprise is also making a decisive move into artificial intelligence. In this case with a major acquisition. The US group is in advanced talks to purchase Juniper Networks for around $13 billion, in an attempt to better position the almost 100-year-old technology company in the age of artificial intelligence.
The timing of an integration
.An agreement between the two companies could be announced as early as this week, according to people familiar with the matter, provided the negotiations do not break down.
The indiscretion gives wings to Juniper's stock, which gained 25 per cent in after-hours trading. Juniper, headquartered in Sunnyvale, California, sells communications networking services and equipment such as routers and switches to technology, telecommunications, financial and other customers. Juniper, in particular, also runs a growing artificial intelligence business, known as Mist AI, which uses artificial intelligence and machine learning to optimise users' experiences of wireless access.
