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News on Medial
Hewlett Packard Ent in talks to buy Juniper Networks in $13bn deal: Report
Livemint
·
1y ago
Medial
Hewlett Packard Enterprise (HPE) is reportedly in talks to acquire Juniper Networks in a deal worth around $13 billion. The potential acquisition aims to enhance HPE's artificial intelligence offerings. Shares of HPE fell 7.7% following the news, while Juniper Networks saw a 21% increase in after-hours trading. Both companies have not officially commented on the reports.
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Hewlett Packard Enterprise CEO expects no China challenge on $14 billion Juniper Networks deal
Reuters
·
1y ago
Medial
Hewlett Packard Enterprise (HPE) CEO, Antonio Neri, states that he does not anticipate any significant regulatory obstacles in China for HPE's proposed $14 billion acquisition of Juniper Networks. Neri believes the deal will enhance HPE's AI computing products and services by providing data center infrastructure. He expects minimal challenges from Chinese regulators due to Juniper's small presence in China and estimates that the transaction can be completed within nine to twelve months.
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US DOJ settles antitrust case for HPE's $14 billion takeover of Juniper - The Economic Times
Economic Times
·
1m ago
Medial
The US Department of Justice (DOJ) has settled its lawsuit against Hewlett Packard Enterprise's $14 billion acquisition of Juniper Networks. The settlement requires the new company to divest HPE's Instant On wireless networking business and license Juniper's Mist AI software. This move was to avoid a trial and address competition concerns, as the DOJ argued the merger would leave Cisco and HPE controlling over 70% of the US networking equipment market.
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Hewlett Packard Enterprise secures $1 billion AI server deal for Elon Musk's X, Bloomberg News reports
Economic Times
·
6m ago
Medial
Hewlett Packard Enterprise secured a deal over $1 billion to supply AI-optimized servers to Elon Musk's X, as reported by Bloomberg News. The agreement, reached last year, saw competition from Dell Technologies and Super Micro Computer. AI servers are in high demand as companies seek hardware for AI applications. Musk's ventures, like Tesla and xAI, are key customers. HPE shares gained 1% following the announcement.
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‘Low Data Maturity Levels’ Delaying AI Success For Enterprises: Report
Inc42
·
1y ago
Medial
A report by Hewlett Packard Enterprise (HPE) highlighted that while organizations are increasingly investing in AI, there are critical areas that they may be neglecting. The report found that low levels of data maturity, deficiencies in networking and compute provisioning, and ethical and compliance considerations are among the areas that could impact the success of AI outcomes. The research also revealed disconnects in strategy and understanding, which could hinder ROI. It emphasized the need for a holistic approach to AI adoption. The report comes at a time when Indian startups are looking to leverage generative AI capabilities to automate business functions.
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Nvidia’s AI boom brings riches to partners like Dell, at a cost
Economic Times
·
5m ago
Medial
The booming AI market is boosting sales for server makers like Dell, Hewlett Packard Enterprise, and Super Micro, primarily driven by Nvidia's AI technology. However, these companies are facing shrinking profit margins due to Nvidia's significant control over AI components and pricing. Nvidia’s influence allows it to dictate terms, often taking opportunities from partners, like in the Dell-xAI deal. Despite these challenges, partnerships with Nvidia still present growth opportunities in the expanding AI server market.
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Palo Alto Networks in talks to buy CyberArk in deal worth over $20 billion: Report - The Economic Times
Economic Times
·
10d ago
Medial
Palo Alto Networks is reportedly in talks to acquire Israeli cybersecurity firm CyberArk Software in a deal potentially valuing over $20 billion. This news, reported by the Wall Street Journal, resulted in CyberArk shares rising by approximately 13% and a slight dip in Palo Alto Networks' stock. The deal highlights ongoing activity in the cybersecurity sector, with significant investments and acquisitions reshaping the industry landscape. Finalization could occur soon, although neither company commented on the report.
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‘Factually incorrect’: Zee Ent denies reports on reviving Sony-Zee merger talks
Livemint
·
1y ago
Medial
Zee Entertainment has denied reports of restarting talks with Sony to revive their $10 billion merger deal. In a regulatory filing, Zee stated that the company is not involved in any negotiations on the merger deal, calling the reports "factually incorrect". The merger deal was terminated by Sony due to unresolved conditions and leadership disputes. Zee has filed a petition with the National Company Law Tribunal seeking implementation of the merger. If the merger was completed, it would have created the largest entertainment network in India.
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Bhawna Agarwal appointed as SVP and MD of Hewlett Packard Enterprise in India
YourStory
·
2m ago
Medial
Bhawna Agarwal has been appointed as Senior Vice President and Managing Director of Hewlett Packard Enterprise (HPE) in India, succeeding Som Satsangi, who retires after 27 years. Agarwal, a leader with over 25 years of experience, joined HPE in 2019 and has driven significant growth and innovation. The transition ensures continuity in leadership as Agarwal is set to enhance HPE's growth and customer-centric initiatives in India.
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Nvidia, HPE to build new supercomputer in Germany
Economic Times
·
1m ago
Medial
Nvidia and Hewlett Packard Enterprise are collaborating with Leibniz Supercomputing Centre in Germany to build the Blue Lion supercomputer using Nvidia's next-generation Vera Rubin chips, set to be available in 2027. Announced at a Hamburg supercomputing conference, this project reflects European efforts to stay competitive against U.S. scientific computing advancements. Nvidia encourages scientists to use artificial intelligence for research, aiming to enhance complex problem-solving capabilities across various scientific fields like climate research and biotechnology.
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Elliott builds $1.5-billion stake in Hewlett Packard Enterprise
Economic Times
·
3m ago
Medial
Hedge fund Elliott Investment Management has acquired a $1.5 billion stake in Hewlett Packard Enterprise (HPE), becoming one of its largest investors. This strategic move may involve Elliott engaging with HPE's management, potentially advocating for changes amid declining shares and financial pressures. Known for significant technology investments and board influence, Elliott remains active despite market volatility, pursuing campaigns like seeking board seats at Phillips 66 and holding stakes in companies like BP and Sumitomo Realty & Development.
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