HP stumps up $1.6bn bid to get 3Par away from Dell


HP stumps up $1.6bn bid to get 3Par away from Dell

Simon Quicke

Dell is facing a fight to get its hands on storage player 3Par after HP put in a higher offer in an attempt to get the vendor away from the clutches of its rival.

The future of 3Par seemed to be heading in the direction of Dell's ownership last week after an offer of $1.5bn was put forward last Monday but a week on and the picture has changed.

HP has tabled an offer of $1.6bn, a sum which is not subject to any financing contingency and has the backing of the board, and it is hoping that 3Par's board will prefer that figure.

"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, executive vice president and general manager, Enterprise Servers, Storage and Networking, HP.

The reason why HP wants 3Par is to bolster its converged infrastructure business and use the vendor's scalable storage options across its portfolio.

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

If the deal gets the go ahead then it is expected to close by the end of the year but most eyes will now be on not just the response of the 3Par board but also whether or not Dell will make a counter bid.

Join the conversation Comment



    Contribute to the conversation

    All fields are required. Comments will appear at the bottom of the article.