HP Tops Dell Offer for Storage Innovator 3Par
By wchung | 04 Apr, 2025
Hewlett-Packard Co. is bidding $1.5 billion for data storage provider 3Par Inc., just a week after rival Dell Inc. agreed to acquire the company for $1.13 billion.
HP and Dell have been looking to expand beyond personal computers over the past few years in a search for bigger profits.
In 3Par they are bidding for a company that provides software for organizing data on corporate servers. The company, which is based in Fremont, Calif., offers its products on a subscription basis over the Web, an approach known as “cloud computing.”
HP, based in Palo Alto, Calif., says it will pay $24 per share for the company, a 33 percent premium over Dell’s bid of of $18 per share.
Shares of 3Par rose $6.66, or 37 percent, to $24.70 in premarket trading.
PALO ALTO, Calif. (AP)
Hewlett-Packard is making a bid for data storage provider 3Par Monday, Aug. 23, 2010, just a week after rival Dell agreed to acquire the company.(AP Photo/Paul Sakuma, file)
Articles
- Young Asian Americans Find Side Hustles Alternative Paths to Success
- Beauty Guru Yasmine Topacio Demos Routine for Gorgeous East-West Blend
- Alexandr Wang Makes Anti-China Waves As World's Youngest Self-Made Billionaire
- Asian Americans Underperform in Crime with One Big Exception
- Orange County Indian Mom Slashes Son’s Throat After Amusement Park Spree
Asian American Success Stories
- The 130 Most Inspiring Asian Americans of All Time
- 12 Most Brilliant Asian Americans
- Greatest Asian American War Heroes
- Asian American Digital Pioneers
- New Asian American Imagemakers
- Asian American Innovators
- The 20 Most Inspiring Asian Sports Stars
- 5 Most Daring Asian Americans
- Surprising Superstars
- TV’s Hottest Asians
- 100 Greatest Asian American Entrepreneurs
- Asian American Wonder Women
- Greatest Asian American Rags-to-Riches Stories
- Notable Asian American Professionals