Aug 16 (Reuters) – Dell Inc (DELL.O) said on Monday it plans to buy data storage company 3PAR Inc (PAR.N) for $18 per share in cash, or $1.15 billion, extending its storage product offering for cloud computing.
The deal marks an 87 percent premium over 3PAR’s Friday closing price. It is expected to close by the end of the year, the companies said.
Stay Tuned For Further Updates…
Latest posts by CloudTweaks (see all)
- VMware and Google Expand Agreement – Public Cloud Services - January 29, 2015
- Cloud Infographic – Interesting Big Data Facts - January 28, 2015
- How Dropbox Continues To Prove Steve Jobs Wrong - January 26, 2015