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
78,785 News Articles

Bidding war as Dell tops HP's 3PAR offer

Dell offers $1.6bn for storage vendor

The bidding war between Dell and HP for virtualized storage vendor 3PAR continues, with Dell increasing its bid to $24.30 per share, or about $1.6 billion.

The offer has been accepted by 3PAR, according to Dell. It tops a $24 per share offer made by HP earlier this week.

Dell had originally inked a deal to buy 3PAR for $18 per share, or roughly $1.15 billion, but the agreement had a provision for matching competitive offers, according to a statement.

Dell expects the deal to close before the end of this year.

3PAR is known for its thin provisioning capabilities, which supply storage resources on demand. The approach is said to be more efficient than traditional "fat provisioning," a process that dedicates an excess amount of storage to an application in anticipation of future needs.

HP could not immediately be reached for comment.


IDG UK Sites

Android One vs Android Silver vs Google Nexus: What is the difference?

IDG UK Sites

Apple updates MacBook Pro line-up: Price cuts & spec boosts for 6 MacBook Pro models

IDG UK Sites

Long live the internet fridge: the Internet of Things is coming

IDG UK Sites

How Prometheus' colourist Juan Ignacio Cabrera gave a tense, edgy feel to Chosen