H.P. Wins Fight With Dell Over 3Par’s Clouds

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The fight is over. H.P. Wins. The heated battle between H.P. and Dell over the small storage company 3Par ended with H.P.’s last offer of $33 per share. The two tech giants have been leapfrogging each other with bids for weeks, but H.P. has always been favored due to its larger cash reserves.

This acquisition by H.P. gives the company an entry point into the growing cloud computing market. H.P.’s purchase of 3Par also continues a trend by tech companies seeking to diversify and expand their portfolios through acquisitions during the recession.

For more analysis on why 3Par matters, visit my previous post on the subject.

(via NYT)