Update: What’s going on here? It’s a deal, it’s not a deal? HP has countered with a $2.4 billion offer. Oh snap! Techcrunch
Dell 1 HP 0
Looks like this bidding war went in favor of Dell. You win this time Dell (shakes fist). Dell was forced to up it’s original offer of $18 to $24.30 ($0.30/share more than HP’s). 3PAR gave Dell 3 days to come to the table with a better offer and they did not disappoint. Both Dell and HP are battling for the computer industry and expanding the range of their offerings.
So what’s so great about 3PAR? They are a data storage solutions provider. Big customers include Ask.com, MySpace.com, Priceline.com, and some government agencies. Scale-able cloud storage flexible enough for many corporations. Clearly Dell thinks it can make a cash cow out of this data storage company (who lost $3.2 million last year). In any event it looks like Dell just added 670 people to it’s workforce.