The U.S. Department of Justice has sued to block Hewlett Packard Enterprise's $14 billion deal to acquire networking gear ...

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The DOJ contends the merged company would result in two companies — Cisco and HPE — controlling more than 70% of the U.S.

The lawsuit said that the combination of businesses would eliminate competition, raise prices and reduce innovation.

Hewlett Packard Enterprise Co. Chief Executive Officer Antonio Neri said his company plans to “vigorously” defend its planned ...