Dell to acquire 3Par for $1.15 BILLION

By David Gelles in San Francisco and Alan Rappeport in New York
Published: August 16 2010 13:43 | Last updated: August 16 2010 18:28

Dell, the third largest personal computer maker, said on Monday that it would acquire 3Par, a data storage company, in a $1.15bn deal that will sharpen its competition with companies incl-uding Hewlett-Packard, IBM and EMC.

The deal comes as Dell, which was burdened by its over-dependence on low-margin PC sales, made a long-awaited foray into the IT services business.

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