Did Apple Try To Bought Dropbox For $800 Million?
A recent report by Business Insider says that Apple tried to bought famous online storage system “Dropbox” for $800 Million. This attempt was made to made Apple’s upcoming iCloud online storage solution more flexible and add more to it’s core infrastructure.
This report also suggests that, Drew Houston, owner of Dropbox and a young billionaire declined this offer. With $100 million annual income Dropbox was recently valued at $4 Billion, which is quite remarkable.
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.
Business Insider also mentioned that this news is not “perfectly sourced”, and they heard is from “two gossipers”. No one from both these companies confirmed this report and and they probably won’t reveal anything if this ever happened.
Dropbox is one of the best cross-platform online storage solution available in market. Apple would be revealing their very new iCloud online storage system this fall along with iOS 5 and iPhone 5. Dropbox definitely would’ve amplified the potential of Apple’s iCloud but Drew Houston thinks otherwise.
We will keep you updated on this, stay tuned!