FILE PHOTO: Signs for Hewlett Packard Enterprise Co., cover the facade of the New York Stock Exchange November 2, 2015. REUTERS/Brendan McDermidJNPR +22.39% Add to/Remove from Watchlist HPE -8.37% Add to/Remove from Watchlist(Reuters) -Hewlett Packard Enterprise is in talks to buy Juniper Networks (NYSE: ) in a deal valuing the network gear maker at about $13 billion, a person familiar with the matter told Reuters on Monday. Shares of Hewlett Packard fell 7.7%, while Juniper jumped 21% in extended trading. The deal would help bolster the nearly 100-year-old technology company's artificial intelligence (AI) offerings, according to a WSJ report earlier in the day. Hewlett Packard declined to comment on the WSJ report, while Juniper Networks did not immediately respond to a Reuters request for comment.

Source: Wall Street Journal January 09, 2024 00:11 UTC