We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,258 News Articles

HP offers $1.6bn for 3Par

Proposal comes a week after Dell's £1.15bn bid

HP has submited a $1.6bn bid to buy 3Par, just a week after Dell had agreed to buy the virtualised storage maker for $1.15bn.

HP said that if the proposal, 33.3 percent higher than Dell's bid, is approved by the 3Par board, the deal should close by year's end.

The deal is not subject to any financing contingency, HP added.

HP officials said if the deal closes, the 3Par storage technology will be used as part of its Converged Infrastructure strategy, which includes storage, server and networking products.

"HP's proposal offers superior value to 3PAR's shareholders. Our global reach, strong routes to market and commitment to innovation uniquely position HP as the ideal fit for 3PAR," said Dave Donatelli, HP executive vice president and general manager, Enterprise Servers, Storage and Networking, in a statement.

"We've seen great momentum with our Converged Infrastructure strategy, and 3PAR accelerates that strategy, particularly in cloud and scale-out markets," he added.

See also: HP begins search for new CEO


IDG UK Sites

Sky to offer mobile phone contracts with O2: Will Vodafone make a move?

IDG UK Sites

Good news for Apple, bad news for Samsung (and the rest of us)

IDG UK Sites

Do we need to fight the government again over design and art education?

IDG UK Sites

How to make money selling books on the iBookstore, publish your book in Apple's book store