After EU approval, UK clears HPE’s $14B Juniper Networks acquisition | TechCrunch

Hewlett Packard Enterprise’s (HPE) deliberate $14 billion acquisition of Juniper Networks is one step nearer to completion — the U.Okay.’s Competitors and Markets Authority (CMA) has confirmed that the deal received’t face any additional scrutiny.

The CMA is but to publish its full findings, but it surely has updated the deal’s case page to notice that it has “cleared the anticipated acquisition by Hewlett Packard Enterprise Firm of Juniper Networks.”

The information comes some two months after the CMA launched an preliminary probe into the deliberate merger and invited feedback from related stakeholders. The authority set a July 3 deadline, after which it had till August 14 to resolve whether or not to progress issues to a extra in-depth probe.

The U.Okay. has confirmed good type in blocking megabucks acquisitions of late, most notably placing the kibosh on Microsoft’s $68.7 billion Activision buy final yr, forcing the businesses to cede a variety of concessions to get the deal over the road. Nevertheless, the EU authorised the HPE-Juniper deal final week on the premise that this was a sufficiently sturdy sector, which served as a very good indicator of what the U.Okay would do.

Barring a last-minute intervention from the U.S. Federal Commerce Fee (FTC), the merger has now circumvented its most important regulatory roadblocks and is heading in the right direction to fulfill HPE’s anticipated time limit, which it mentioned is “early 2025” on the newest.