tech:

taffy

HPE to acquire Juniper Networks in $14B deal

Hewlett Packard Enterprise (HPE) has announced its plan to acquire Juniper Networks in an all-cash transaction valued at approximately $14 billion. This acquisition is set to significantly expand HPE’s networking business, effectively doubling its size.

Upon completion of the transaction, Juniper CEO Rami Rahim will lead the combined HPE networking business, reporting to HPE President and CEO Antonio Neri.

J.P. Morgan and Qatalyst Partners are serving as financial advisors to HPE, with legal counsel provided by Wachtell, Lipton, Rosen & Katz; Covington & Burling; and Freshfields Bruckhaus Deringer. Goldman Sachs is serving as the exclusive financial advisor to Juniper, with Skadden, Arps, Slate, Meagher & Flom providing legal counsel.

The transaction is expected to close in late 2024 or early 2025, subject to regulatory approvals, approval from Juniper shareholders, and other customary closing conditions.

[Image courtesy: Juniper Networks]

Just in

Google to relaunch Gemini AI picture generator in a ‘few weeks’ following mounting criticism of inaccurate images — CNBC

Google plans to relaunch its image-generation AI tool in the next “few weeks,” according to Google DeepMind CEO Demis Hassabis, writes Hayden Field. 

Broadcom divests End-User Computing to KKR in $4B deal

Broadcom has agreed to sell its End-User Computing (EUC) division to investment firm KKR in a deal valued at $4 billion. This move will see the division, which focuses on digital workspace solutions, becoming an independent company following the sale's completion.

Myko AI raises $2.7M

Miami, Fl-based Myko, an AI platform provider focused on analyzing sales and revenue data, has secured $2.7 million in seed funding.

Reddit hasn’t turned a profit in nearly 20 years, but it just filed to go public anyway — CNN

Reddit — which is not yet profitable — says it seeks to grow its business through advertising, more e-commerce offerings and by licensing its data to other companies to train their artificial intelligence models, writes Clare Duffy and John Towfighi.