Dropbox Declined an $800 Million Acquisition By Apple?

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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