The Bidding War For 3PAR Continues; HP Offers $2 Billion In Cash

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Here we go again-again. HP just offered $2 billion, or $30 per share in cash for data storage company 3PAR. This morning, Dell announced that 3PAR had accepted its increased offer to acquire the storage leader for $27 per share in cash, or approximately $1.8 billion.

Dell had previously signed an agreement to acquire 3PAR for $18 per share or $1.13 billion, with a provision for matching competing bids. HP then effectively outbid the company and offered $1.6 billion, but Dell matched that offer yesterday, after which HP made a renewed bid for $1.8 billion.

This latest offer nearly doubles Dell’s original bid for 3PAR, which was high to begin with. 3PAR provides a virtualized utility storage platform that enables customers to significant drive down cloud computing infrastructure, storage and associated management costs.

3PAR clearly must be flattered by this dramatic turn of events; $2 billion is no small sum. And HP is starting to make it very clear that whatever Dell offers, it will offer more. So, when will this end? Will 3PAR be able get to $3 billion?

  • http://www.7soc.com/wordpress/?p=6850 Dell To Pick Up 3PAR For $1.8 Billion | 7Soc

    […] the below news, HP and Dell got into a bidding war for 3PAR, but according to TechCrunch, 3PAR has accepted the latest offfer from Dell  for $27 per share in cash, or approximately $1.8 billion. […]

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  • http://www.thaiitstory.com/hp-%e0%b8%81%e0%b8%b1%e0%b8%9a-dell-%e0%b9%81%e0%b8%a2%e0%b9%88%e0%b8%87%e0%b8%81%e0%b8%b1%e0%b8%99%e0%b8%8b%e0%b8%b7%e0%b9%89%e0%b8%ad%e0%b8%9a%e0%b8%a3%e0%b8%b4%e0%b8%a9%e HP กับ Dell แย่งกันซื้อบริษัทสตอเรจ 3PAR | ข่าวไอที ข่าวเทคโนโลยี ข่าวคอมพิวเตอร์ บทความคอมพิวเตอร

    […] – TechCrunch, […]

  • http://www.techcrunchit.com/2010/09/02/after-dell-matches-2b-offer-for-3par-hp-ups-its-bid-to-2-4b/ After Dell Matches $2B Offer For 3PAR, HP Ups Its Bid To $2.4B

    […] looks like we’re back to square one again. Dell has matched HP’s $2 billion offer to buy 3PAR, and HP upped the ante today with an offer worth $33 per share or $2.4 billion. 3PAR […]

  • http://comtech.pp.ua/?p=19660 After Dell Matches $2B Offer For 3PAR, HP Ups Its Bid To $2.4B | КомТех

    […] looks like we're back to square one again. Dell has matched HP's $2 billion offer to buy 3PAR, and HP upped the ante today with an offer worth $33 per share or $2.4 billion. 3PAR […]

  • http://brettmbell.com/2010/09/02/after-dell-matches-2b-offer-for-3par-hp-ups-its-bid-to-2-4b/ After Dell Matches $2B Offer For 3PAR, HP Ups Its Bid To $2.4B | BrettMBell.com

    […] Its Bid To $2.4B It looks like we’re back to square one again. Dell has matched HP’s $2 billion offer to buy 3PAR, and HP upped the ante today with an offer worth $33 per share or $2.4 billion. 3PAR […]

  • http://www.bjdproductions.com/blog/?p=3433 After Dell Matches $2B Offer For 3PAR, HP Ups Its Bid To $2.4B | BJD Productions Blog

    […] looks like we’re back to square one again. Dell has matched HP’s $2 billion offer to buy 3PAR, and HP upped the ante today with an offer worth $33 per share or $2.4 billion. 3PAR […]

  • http://www.techreviews.org/techcrunch/after-dell-matches-2b-offer-for-3par-hp-ups-its-bid-to-2-4b.html After Dell Matches $2B Offer For 3PAR, HP Ups Its Bid To $2.4B » Tech Reviews

    […] Its Bid To $2.4B It looks like we’re back to square one again. Dell has matched HP’s $2 billion offer to buy 3PAR, and HP upped the ante today with an offer worth $33 per share or $2.4 billion. 3PAR […]

  • http://newsfy.com/?p=475 After Dell Matches $2B Offer For 3PAR, HP Ups Its Bid To $2.4B

    […] looks like we’re back to square one again. Dell has matched HP’s billion offer to buy 3PAR, and HP upped the ante today with an offer worth per share or .4 billion. 3PAR has […]

  • http://www.startupblock.com/?p=3164 After Dell Matches $2B Offer For 3PAR, HP Ups Its Bid To $2.4B : startupblock.com

    […] looks like we’re back to square one again. Dell has matched HP’s $2 billion offer to buy 3PAR, and HP upped the ante today with an offer worth $33 per share or $2.4 billion. 3PAR […]

  • http://techme101.com/2010/09/02/after-dell-matches-2b-offer-for-3par-hp-ups-its-bid-to-2-4b/ After Dell Matches $2B Offer For 3PAR, HP Ups Its Bid To $2.4B « Techme101

    […] September 2, 2010 It looks like were back to square one again. Dell has matched HPs $2 billion offer to buy 3PAR, and HP upped the ante today with an offer worth $33 per share or $2.4 billion. 3PAR […]

  • http://www.ynotshare.com/19462/the-latest-from-techcrunch-25/ The Latest from TechCrunch | Y Not Share

    […] 2010 06:22 AM PDT It looks like we’re back to square one again. Dell has matched HP’s $2 billion offer to buy 3PAR, and HP upped the ante today with an offer worth $33 per share or $2.4 billion. 3PAR […]

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    […] looks like we’re back to square one again. Dell has matched HP’s $2 billion offer to buy 3PAR, and HP upped the ante today with an offer worth $33 per share or $2.4 billion. 3PAR […]

  • http://broad-bandwith.prestigious-hosting.com/2010/09/02/after-dell-matches-2b-offer-for-3par-hp-ups-its-bid-to-2-4b/ After Dell Matches $2B Offer For 3PAR, HP Ups Its Bid To $2.4B | Internet Solutions

    […] posted by lee It looks like we’re back to square one again. Dell has matched HP’s $2 billion offer to buy 3PAR, and HP upped the ante today with an offer worth $33 per share or $2.4 billion. 3PAR […]

  • http://paruzia.com/2010/09/02/after-dell-matches-2b-offer-for-3par-hp-ups-its-bid-to-2-4b/ After Dell Matches $2B Offer For 3PAR, HP Ups Its Bid To $2.4B — Paruzia (pah-roo-zee-ah)

    […] looks like we’re back to square one again. Dell has matched HP’s $2 billion offer to buy 3PAR, and HP upped the ante today with an offer worth $33 per share or $2.4 billion. 3PAR […]

  • http://krissyheadley.wordpress.com/2010/09/02/after-dell-matches-2b-offer-for-3par-hp-ups-its-bid-to-2-4b/ After Dell Matches $2B Offer For 3PAR, HP Ups Its Bid To $2.4B | Krissyheadley's Blog

    […] by krissyheadley It looks like we’re back to square one again. Dell has matched HP’s $2 billion offer to buy 3PAR, and HP upped the ante today with an offer worth $33 per share or $2.4 billion. 3PAR […]

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    […] looks like we’re back to square one again. Dell has matched HP’s $2 billion offer to buy 3PAR, and HP upped the ante today with an offer worth $33 per share or $2.4 billion. 3PAR […]

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    […] looks like we’re back to square one again. Dell has matched HP’s $2 billion offer to buy 3PAR, and HP upped the ante today with an offer worth $33 per share or $2.4 billion. 3PAR […]

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