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The bidding war continues.

Dell announced today that 3PAR has accepted its increased offer to acquire the storage leader for $27 per share in cash, or approximately $1.8 billion.

Dell had previously signed an agreement to acquire 3PAR for $18 per share or $1.13 billion, with a provision for matching competing bids.

HP then effectively outbid the company and offered $1.6 billion, but Dell matched that offer yesterday, after which HP made a renewed bid for - you guessed it - $1.8 billion.

Check also related entries:

• The Bidding War For 3PAR Continues; HP Offers $2 Billion In Cash
• The Fight For 3PAR: HP Outbids Dell, Offers $1.6 Billion In Cash
• Done Deal: HP Gets 3PAR For $2.35 Billion In Cash
• 3PAR Utility Storage Scales Web 2.0 Easily at Demand Media
• Cloud Computing Expo - Dell Rejigs its Commercial Laptops

This entry was posted on Friday, August 27th, 2010 at 18:08 and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.