HP, Dell Bidding War for Storage Vendor 3PAR Close to $2B
By Channel Insider Staff |
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Dell matched HP's $1.8 billion bid for utility storage maker 3PAR, which 3PAR said it has accepted. But the game may not yet be over.
To say that modestly profitable utility storage maker 3PAR is a company in the right place at the right time would be a massive understatement.
The Dell versus Hewlett-Packard bidding war for the smallish Fremont, Calif.-based enterprise storage company took two huge steps only minutes apart Aug. 27 when 3PAR, by far the hottest property in the storage business, received an offer from Dell matching HP's $1.8 billion bid and accepted it, apparently ending the four-day-long, high-stakes bidding war between the two IT superpowers.
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