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 Thursday, August 26, 2010 HP Responds To Dell, Ups Offer For 3Par To $1.8 Billion Palo Alto-based HP said Thursday afternoon that it has upped its offer for 3PAR to $1.8 billion, or $27.00 per share in cash. The offer comes after news Thursday morning that 3PAR had accepted a revised, $24.30 per share offer for the firm from Dell. HP said that its revised proposal offers "superior value" to 3PAR's shareholders. The furious bidding war broke out Monday when HP decided to extend an offer to buy 3PAR, which had already agreed to be bought by Dell. posted on Thursday, August 26, 2010(Full story) Solazyme Adds Strategic Investor South San Francisco-based Solazyme, which is developing biotechnology that uses algae to produce renewable oil and bioproducts, said Thursday that it has added Bunge Limited as a strategic investors in its Series D round. Amount of the investment was not disclosed. Bunge is a major business in agricultural and food industry, is the largest processing companies of sugarcane in Brazil, and a distributor of vegetable oils. Other investors in the Series D round are Braemer Energy Ventu (More info...) posted on Thursday, August 26, 2010 (More)(Full story) Dell Trumps HP On 3PAR Bid HP's bid for 3PAR has been trumped by a new, $24.30 per share offer for the firm by Dell today, bringing the price for 3PAR up to $1.6 billion. Dell announced that 3PAR has accepted its new bid this morning, after HP announced its own offer of $24.00 per share for 3PAR Monday. Dell had originally agreed to pay $18.00 per share for 3PAR earlier this month. Dell said the upped bid has been accepted by 3PAR, and does not modify the firms' original timeline for completing the ac (More info...) posted on Thursday, August 26, 2010(Full story) Cisco To Buy ExtendMedia San Jose-based Cisco announced this morning that it intends to acquire ExtendMedia, a developer software content management systems for video. Financial terms of the deal were not announced. ExtendMedia, which is based in Newton, Mass., and has the majority of its employees in Toronto, Canada, develops CMS software used to manage online video content. Cisco said the acquisition will help service provider deliver multi-screen offerings as the market transitions to IP video. The firm (More info...) posted on Thursday, August 26, 2010(Full story) HP Acquires Stratavia Palo Alto-based HP announced today that it has acquired Stratavia, a Denver-based firm which develops softwar for managing software applicatoin deployment. Financial details of the acquisition were not disclosed. HP said the acquisition will strengthen i ts HP Software and Solutions portfolio. Stratavia's software is used to deploy, configure, and manage enterprise databases, middleware and packaged applications. Stratavia was venture backed by Adams Street Partners, Asset Manageme (More info...) posted on Thursday, August 26, 2010(Full story) |
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