Dell on Thursday pulled out of the bidding for 3Par, giving the data storage company and its promising cloud technology up for rival Hewlett-Packard.
The white flag in technology’s fiercest bidding war this year was raised hours after 3Par announced that H.P. had increased its previous offer by 10 percent, to $33 a share. Dell’s last bid was for $32 a share, after H.P. raised its offer to $30 on Friday. H.P.’s latest offer values 3Par, based in Fremont, Calif., at $2.1 billion.
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