HP outbids Dell for 3PAR for third time

16:42, August 28, 2010      

Email | Print | Subscribe | Comments | Forum 

David Scott, President and Chief Executive of 3Par Inc, poses for a photograph at the company's headquarters in Fremont, California August 27, 2010.(Xinhua/Reuters Photo)

Hewlett-Packard Co. (HP) on Friday raised its offer to buy 3PAR Inc. to about 2 billion U.S. dollars, topping rival Dell Inc. for the third time in the bid for the data storage company.

HP said it is now willing to acquire all of the outstanding shares of 3PAR at 30 dollars per share, hours after Dell announced that 3PAR has accepted its increased offer of 27 dollars per share that matched the previous bid made by HP on Thursday.

Dell first signed an agreement to purchase 3PAR for 18 dollars per share, but HP then countered with a higher offer of 24 dollars per share.

Dell slightly sweetened its bid to 24.3 dollars per share on Thursday, which was trumped again by HP with the offer of 27 dollars per share.

The public bidding war between HP and Dell came as the two personal computer giants are striving to diversify their business and push into enterprise data center as well as other more profitable markets.

3PAR is a provider of highly-virtualized storage solutions called "utility storage", designed to be the storage foundation for utility computing that enables information technology organizations to deliver software and hardware as a service through server and storage virtualization.

Source: Xinhua


  • Do you have anything to say?
  • Players of Iran throw up their coach Velasco Julio during the awarding ceremony at the 16th Asian Men's Volleyball Championship in Tehran, capital of Iran, Sept. 29, 2011. Iran won the champion after beating China 3-1 in the final on Thursday. (Xinhua/Ahmad Halabisaz)

  • Greek artists burn copies of emergency tax notices during a protest against austerity measures in Athens, Greece, on Sept. 29, 2011. The Greek government is facing a new wave of protests as it introduces new austerity measures to obtain the sixth tranche of aids necessary to overcome the acute debt crisis.(Xinhua/Marios Lolos)
  • A winner of the 36th Miss Bikini International 2011 poses for a photo at the Olympic Sailing Center in Qingdao, a coastal city of east China's Shandong Province, Sept. 29, 2011. (Xinhua/Chen Jianli)
  • Staff members are in position at Beijing Aerospace Control Center in Beijing, capital of China, Sept. 29, 2011. Commander-in-chief of China's manned space program Chang Wanquan announced Thursday night that the launch of Tiangong-1 space lab module was successful. (Xinhua/Rao Aimin)
  • Champion of Miss Bikini from Poland receives trophy at the final of the 36th Miss Bikini International World Competition in Qingdao, east China's Shandong Province, Sept. 28, 2011. (Xinhua Photo)

  • Photo taken on Sept. 28, 2011 shows autumn scenery of populus euphratica forests in Ejina Banner, north China's Inner Mongolia. The populus euphratica forests here, with an area of 390,000 mu, or 26,000 hectares, is one of the world's most famous populus euphratica forests. The golden leaves and sunshines here in autumn is able to attract more than 100,000 person-times annually. (Xinhua/Zhao Tingting)