Hewlett Packard Enterprise (NYSE:HPE) is reportedly close to finalizing a deal to acquire Juniper Networks (NYSE:JNPR) for about $13 billion, as per The Wall Street Journal.

This acquisition is part of HPE’s strategy to strengthen its position in the rapidly evolving field of artificial intelligence (AI). The Wall Street Journal indicates that an official announcement about the acquisition might be released as early as this week.

Following the news, HPE’s stock experienced a nearly 9% drop on Tuesday, while Juniper’s shares saw more than a 21% increase.

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