U.S. intelligence pushed DOJ to approve HPE-Juniper merger over China competition concerns
By
rascul
Toasted just enough. A reliable bake, gently seasoned.
Summary
The U.S. intelligence community intervened with the Justice Department to persuade them to approve Hewlett Packard Enterprise's acquisition of Juniper Networks, citing national-security concerns related to competition with China's Huawei Technologies. Trump administration officials revealed that blocking the deal would have hindered American companies and empowered Chinese competitors in the telecommunications and networking space.
Key quotes
· 3 pulledIn light of significant national security concerns, a settlement was reached to allow the merger to proceed.
Blocking the deal would have 'hindered American companies and empowered' Chinese competitors.
The U.S. intelligence community intervened to persuade the Justice Department that allowing the merger to proceed was essential to helping U.S. business compete with China's Huawei Technologies.
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