Summary: The Justice Department is suing to block Hewlett Packard Enterprise’s billion acquisition of Juniper Networks, arguing it would reduce competition and raise prices in the market for wireless local area network products. The lawsuit, seen as unexpected given the current administration’s anticipated softer stance on mergers, claims that the merger would leave enterprises with two companies controlling over 70% of the market. HPE and Juniper strongly oppose the suit, asserting that the merger would enhance competition and customer choice.
Affected: Hewlett Packard Enterprise and Juniper Networks
Keypoints :
- DOJ alleges merger would eliminate competition, raise prices, and stifle innovation.
- HPE and Juniper argue the merger would increase competition and innovation in the market.
- Combination would result in two firms commanding over 70% of the U.S. WLAN market, raising antitrust concerns.