Hewlett-Packard won the battle for US data storage company 3Par on Thursday after rival PC maker Dell balked at raising its offer yet again, the FT reports. 3Par accepted HP’s latest bid of $33 a share, or about $2.4bn, beating Dell’s revised bid of $32 a share, and paid Dell a $72m fee to break their merger agreement. The contest, starting before 3Par accepted a Dell offer at $18 last month, highlights intensifying rivalry between the two top US PC makers as they move into new areas. FTAlphaville asks, what’s so special about 3Par?, while BreakingViews wonders whether Dell’s shareholders are on tranquilisers.

This entry was posted by Gwen Robinson on Friday, September 3rd, 2010 at 4:05 and is featured in The 6am Cut London (3 Sep 2010), The Lunch Wrap (3 Sep 2010) . Tagged with 3Par, Dell, Hewlett-Packard, HP. Edit this entry.