(Bloomberg) — Hewlett Packard Enterprise Co.’s $14 billion deal to buy Juniper Networks Inc. was cleared by the UK’s antitrust watchdog, paving the way for the firm to expand its presence in networking.
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The Competition and Markets Authority said Wednesday it had cleared the tie-up after investigating whether it would cause a substantial lessening of competition in the UK. The EU similarly waved through the deal last week, saying it did not raise competition concerns in the markets examined.
Juniper, like its bigger rival Cisco Systems Inc., makes networking devices such as routers and switches. Networking is the technology that directs the flow of information between devices and across the internet.
At the time of the deal announcement, HPE said it would pay $40 a share in cash for Juniper.
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