Shares of Juniper Networks Inc. JNPR, +1.04% soared 22% in extended trading Monday following a report that Hewlett Packard Enterprise Co. HPE, +3.20% is in advanced talks to acquire Juniper for approximately $13 billion and thrust the venerable technology pioneer into the artificial-intelligence age.
A deal could be struck and announced as soon as this week, according to a Wall Street Journal report Monday, citing people familiar with the matter. Shares of HPE were down 7% in after-hours trading Monday.