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Juniper Networks stock (NYSE:JNPR) jumped 25% after hours Monday following a WSJ report that Hewlett Packard Enterprise (HPE) was in advanced talks to buy the networking name for about $13B.
HPE fell 7.5% in postmarket trading.
A deal for the cloud provider to take over the equipment maker could come as soon as this week, according to the report.
HPE is worth about $23B, while Juniper is worth a little under $10B after declining about 5% over the past year.
It’s of interest to HPE, though, because of its growing artificial intelligence position via the Mist AI business, which optimizes wireless access.