If Hewlett Packard Enterprise was floating a trial balloon, contemplate it popped.
The IT gear aspect of the previous HP empire may be merging with one other storied Silicon Valley identify. The Wall Road Journal reported Monday afternoon that Hewlett Packard Enterprise is in superior talks to accumulate Juniper Networks for $13 billion. It might be the most important deal ever for the corporate since its late-2015 break up from the PC and printer enterprise now identified merely as HP Inc. Aruba Networks, one other networking gear supplier, was acquired by HP months earlier than the break up for $2.7 billion.
The dimensions of the potential Juniper deal—greater than half of Hewlett Packard’s market cap previous to Monday’s report—has traders fearful. Hewlett Packard shares slid almost 9% Tuesday. The corporate final reported about $6.5 billion in money, equivalents and investments, together with $12.4 billion in complete debt.