Posts Tagged ‘3PAR aquasition’

HP and Dell Keep Biddin On 3PAR

Monday, August 30th, 2010

HP and Dell Keep Biddin On 3PAR.  This has been going on for 2 weeks now. HP appears to have the edge right now, but the good news for whichever tech giant ultimately loses the battle for 3PAR is that there are other huge cloud storage providers out there.

HP raised its offer to $30 per share, a $3 increase over Dell’s bid, bringing the bidding to $2 billion. Dell had launched the opening salvo in mid-August when it had offered just over $1 billion to buy 3Par. As of this writing, 3Par had deemed HP’s bid “superior” and Dell was mulling over its response.

Dell/HP 3Par deal updates to come!

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