Hewlett Packard Enterprise eyes $19.3b Juniper buy: WSJ

The news: Cloud services provider Hewlett Packard Enterprises is in negotiations to buy US-listed networking company Juniper Networks in a deal worth an estimated USD13 billion ($19.3 billion), the Wall Street Journal reports.

The numbers: Shares in HPE fell 7.7% in extended trading, while Juniper jumped 21% after the deal was unveiled. Juniper's market cap currently sits at around USD9.6 billion.

The context: HPE is a spinoff from Hewlett Packard that focuses servers, storage, networking and other cloud services. Juniper sells network services and gear, but also runs a growing artificial intelligence company known as Mist. The takeover is expected to bolster HPE's AI offerings.