Big Winners in 3Par Bidding War Are 3 VCs and Quattrone
3Par must feel like the wall flower who gets crowned prom queen and gets to pick her king. Who knew a data storage company could be so wanted? The bidding war for 3Par got even crazier today with HP sweetening its offer to $30 a share. This came after Dell boosted its own proposal to $27 a share just this morning. No matter who wins the bidding war, three venture firms will get a nice, big payday. Mayfield Fund owns 9.9% of 3Par, Menlo Ventures has 15% and Worldview Technology Partners holds 13.4%. FMR LLC, or Fidelity Investments, has 12.2%, according to regulatory filings. At $30 a share, Mayfield could reap $186 million (6.2 million shares), while Menlo Ventures (9.4 million shares) could receive $282 million, Worldview Technology (8.4 million) could get $252 million and Fidelity (7.6 million) could receive $228 million.
