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AND Trump administration On Thursday, he acted his first antitrust action, announcing a lawsuit for blocking the proposed Treaty of the Technology Industry of $ 14 billion.
The US Ministry of Justice filed a lawsuit to block Hewlett Packard Enterprise (HPE) from acquiring a rival wireless local area (WLAN) Technology providerJuniper Networks.
According to a complaint, the juniper quickly grew up a relatively small competitor on the WLAN market in Enterprise to become one of the three largest technology suppliers. The impression claims that Juniper innovation has brought competitive pressures that have reduced consumers’ costs – a dynamic that would be undervalued if the contract should continue, as HPE and leader on the Cisco market control more than 70% of the market.
“HPE and Juniper are successful companies. But instead of continuing to compete as rivals in the WLAN market, they seek to consolidate – increasing the concentration on the already concentrated market,” said the acting of the Assistant State Attorney of Omeed Assefi from the Division Division Division.
Investment bankers say Trump are merging and acquisitions flourishing already in progress
Hewlett Packard Enterprise suggested $ 14 billion in the acquisition of juniper was the subject of the antitrust lawsuit of Trump’s DOJ Administration. (Aaronp/Bauer-Giffin/GC Pictures/Getty Images)
“The threat that this merger represents is not theoretical. The vital industry in our country – including US hospitals and small businesses – rely on wireless networks complete your missions. This proposed merger would significantly reduce competition and weaken innovation, resulting in large segments of the American economy that paid more than less than wireless technology providers, “Asssefi said.
| Dice | Security | Last | Change | Change % |
|---|---|---|---|---|
| Jnpr | Juniper Networks Inc. | 34.85 | +0.48 |
+1.41% |
| Hpe | Hewlett Packard Enterprise Co. | 21.17 | 0.00 |
0.00% |
The Doy -appeal noted that HPE had “mandatory training for his engineers and sellers to” win “Juniper during a contract for contracts,” adding that HPE sales teams considered a threat of juniper as a “terrible”.
The complaint was quoted by a former HPE executive director as if to tell his team “there are no rules in the street fight” and that they should try to “kill” the juniper when competing with the sale company.
Connection that biden administrator blocked or caused in 2024
Juniper and HPE pushed themselves into a dock lawsuit and claimed that their connection would be useful for the market. (Jaque Silva/Nurphoto via Getty Images)
HPE and Juniper have withdrawn an impression lawsuit to block the merger, claiming that “the analysis of this acquisition is basically deficiency” and promised to “vigorously defend against the over -interpretation of the Ministry of Justice” Antatrust’s Law Act.
“In accordance with the conclusions adopted by all other main antitrust regulators who have reviewed the agreement, this transaction brings together two complementary networking offerings and will create a network player with a volume and proportion to compete more effectively with global officials, “companies wrote.
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A dozen lawsuit to block acquisition comes because merchants who are expected to take the new Trump administration to occupy an easier regulatory approach regarding the proposed contracts after Biden administration blocked several high connections.
