3PAR Bidding War, Continued: Dell Matches HP’s Bid, HP Ups The Ante

Unless you’ve been living under a rock for the past few weeks, you’ll be aware that Dell recently agreed to acquire data storage company data storage company 3PAR for for $18 per share or roughly $1.13 billion. Earlier this week, HP proposed to acquire 3PAR instead, offering as much as $24 per share in cash, or roughly $1.6 billion.

Yesterday, Dell matched HP’s bid, offering $24.30 per share, or approximately $1.6 billion.

Didn’t take long for HP to respond, though: the company’s latest offer goes as high as $1.8 billion.

A good old-fashioned bidding war indeed.