HPE Struggled With Asset Sale Required in DOJ Antitrust Deal

Hewlett Packard Enterprise Co. struggled to interest some investors and other tech companies in buying assets that the US government required be sold to clear its takeover of Juniper Networks, receiving bids that ranged between $1 and $15 million, according to court records.

HPE’s efforts to sell its Instant On networking business were detailed in court records reviewed by Bloomberg News that outline the steps it’s taking to comply with a June settlement with the US Justice Department. That agreement is still being challenged by a group of states, arguing that it doesn’t do enough to protect competition.