Hewlett Packard Enterprise's (HPE) proposed $14 billion acquisition of Juniper Networks (JNPR) would hurt competition in the enterprise wireless equipment market, the US Department of Justice said in a lawsuit to block the deal, Bloomberg reported Thursday.
The acquisition would concentrate the market to two major players - Hewlett Packard and Cisco Systems (CSCO) - if it proceeds, the Justice Department said in its compliant filed with a federal court in California.
Hewlett Packard and Juniper did not immediately respond to requests for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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