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Dell raises bid to buy data storage company 3PAR

08-27-2010 09:45 BJT

SAN FRANCISCO, Aug. 26 (Xinhua) -- Dell Inc. has raised its bid to acquire data storage company 3PAR Inc. for about 1.6 billion U. S. dollars, topping an offer made by Hewlett-Packard Co. (HP) earlier this week.

Dell on Thursday announced that 3PAR has accepted its increased takeover offer of 24.3 dollars per share, which is slightly higher than HP's bid of 24 dollars per share.

Dell had previously signed an agreement to buy 3PAR for 18 dollars per share, but HP countered with a higher offer.

Analysts believed it is likely that HP will response to Dell's latest move with another counter-bid.

The bidding war between HP and Dell came as the two personal computer giants are striving to diversify their business and push into enterprise data center as well as other more profitable markets.

3PAR is a provider of highly-virtualized storage solutions called "utility storage", designed to be the storage foundation for utility computing that enables information technology organizations to deliver software and hardware as a service through server and storage virtualization.

Dell said storage is at the forefront of its strategy to provide data center customers with open, capable and affordable solutions.

"With the 3PAR acquisition, Dell will have the broadest set of differentiated storage solutions in the market today," Dave Johnson, senior vice president of Dell's corporate strategy, said in a statement.

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Editor:Zheng Limin |Source: Xinhua

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