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HP Snaps Up 3PAR For $2 Billion

adeelarshad82 writes "The bidding war between HP and Dell has reached a swift and dramatic conclusion. One could even say HP sniped the auction at the last minute — to the tune of $2 billion for the acquisition of data storage provider 3PAR. HP's not-so-subtle efforts to pull the company away from a preliminary merger agreement with Dell — a $1.15-billion arrangement announced August 16 — took three successive bids to reach an ultimate conclusion. The final acquisition cost of $2 billion, confirmed by 3PAR late Friday, represents a price of $30 per share of 3PAR stock. That's triple the closing price of the company's stock before Dell's initial offer was made public, and more than double after."

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  1. Re:Another News Item From Last Week by vlueboy · · Score: 3, Insightful

    Slashdot. is now Slashdot: News For Nerds Or Stuff You Can Read From CNN.

    No problem. All newspapers repost the same news from Reuters, AP and EFE at about the same time, and many users complain when the one they subscribe to "leaves them in the dark" on grounds of bothersome redundancy for any news, and might leave to a more "all-encompassing," redundant-ish source. Slashdot is doing us a services, since we don't all read your same other sites and few IT admins ever block slashdot.

    Wasn't slashdot a site meant to TALK about techish news with tech people? Our tech subscriber base is broader and better informed than you'll find on random non-specialized sites. We can post hacks, opinion on the recent wikileak and pr0n related stuff freely here; because it would otherwise leave broadcast a trail through your Facebook account on CNN. Hey, you just posted Anonymously! try THAT on CNN and any chan-free board these days! :)