Dropbox may have declined an $800 million acquisition offer by Apple, according to an BusinessInsider report.
Here's some gossip that isn't perfectly sourced – we heard it from two second-hand gossipers – but we thought you'd be interested in hearing anyway… Before file-storage-on-the-Internet service Dropbox raised a huge round at a $4 billion valuation, it underwent an M&A process.
Enterprise software-as-a-service company Citrix and Apple took a long look at Dropbox's books. They saw that Dropbox revenues would reach $100 million this year. Apple, we're told, eventually offered $800 million.
Dropbox is said to have declined this offer and is raising a new round of investment at an estimated $4 to $5 billion dollar valuation.
You can download Dropbox from the App Store for free.
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Comments (2)
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Naz - September 12, 2011 at 2:34am
I call this BS. Apple just spent $1 billion building their NC data center. I don't think they will be offering DropBox that much money. It could be MS or Google who are interested but not Apple. Or it could be no one.
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Jacob - September 12, 2011 at 3:30am
I think this was before iCloud even came out. After Dropbox wouldn't sell, I guess they just made their own.
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