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HP enters bidding war with Dell over 3Par

Posted on Monday, August 23 2010 @ 20:37:17 CEST by


Last week Dell announced it would acquire data storage provider 3Par for $1.13 billion, but today HP tops Dell's offer with a $1.5 billion bid.
In 3Par they are bidding for a company that provides software for organizing data on corporate servers. The company, which is based in Fremont, Calif., offers its products on a subscription basis over the Web, an approach known as "cloud computing."

HP, based in Palo Alto, Calif., said Monday it will pay $24 per share for the company, a 33 percent premium over Dell's bid of $18 per share.
More details at AP.



 



 

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