The bidding war for storage vendor 3PAR continutes. Dell topped HP's offer by raising its bid to $32 a share, then HP raised again to $33 a share or $2.4 billion, reports The San Jose Mercury News. That's more than three times the price 3PAR's stock was trading for recently.
But Dell has three days to submit another offer and Dell's latest offer raises a termination fee that 3PAR must pay for accepting an offer by HP from $72 million to $92 million, according to ZDNet.
As IT Business Edge's Rob Enderle has written, both companies see this acquisition as crucial.