Dropbox Indeed Balked at Major Acquisition Offer from Apple

dropbox wordmark
Last month, word surfaced that popular file storage and sharing service Dropbox may have declined an $800 million acquisition offer from Apple, instead deciding to remain independent and raise its own financing.

A new profile of Dropbox appearing as the cover story for a forthcoming issue of Forbes reveals that Apple did indeed pursue Dropbox, with Steve Jobs personally meeting with Dropbox founders Drew Houston and Arash Ferdowsi amid the possibility of a "nine-digit" deal.

“I mean, Steve friggin’ Jobs,” remembers Houston, now 28. “How do you even prepare for that?” When Houston whipped out his laptop for a demo, Jobs, in his signature jeans and black turtleneck, coolly waved him away: “I know what you do.”

As Jobs made his pitch for Dropbox, Houston cut things short, telling Jobs that Dropbox was not interested in being acquired.

Jobs smiled warmly as he told them he was going after their market. “He said we were a feature, not a product,” says Houston. Courteously, Jobs spent the next half hour waxing on over tea about his return to Apple, and why not to trust investors, as the duo—or more accurately, Houston, who plays Penn to Ferdowsi’s mute Teller—peppered him with questions.


Jobs reportedly attempted to follow up with Dropbox after the initial meeting, suggesting a second meeting at Dropbox's headquarters. But when Houston said that he preferred to meet elsewhere, so as to not give Jobs personal insight into Dropbox's operations, Jobs went silent. Apple of course introduced iCloud, its own syncing solution, earlier this year and went live with the service just last week.

Popular Stories

iOS 26 Battery Glass Feature

iPhone 16 Pro Max 80% Charge Limit: One Year Later, Was It Worth It?

Wednesday September 24, 2025 3:58 pm PDT by
With the iPhone 15 series, I did an experiment and kept my iPhone's Charge Limit set at 80 percent for an entire year. It provided an interesting look at the impact of charge limits on battery longevity, so I decided to repeat it for the iPhone 16 line. Since September 2024, my iPhone 16 Pro Max has been limited to an 80 percent charge, with no cheating. As of today, my battery's maximum...
Home Hub Command Center with Dome Base Feature

Apple Working on All-New Operating System

Thursday September 25, 2025 1:11 pm PDT by
Apple is developing an all-new operating system codenamed "Charismatic," according to Bloomberg's Mark Gurman. Apple smart home hub concept based on rumors This is likely Apple's long-rumored "homeOS" operating system. In a report last month, Gurman said both Apple's rumored smart home hub in 2026 and tabletop robot in 2027 will run the new operating system. He said the software platform ...
AirPods Pro 3 Newsroom

Apple's 'Back to School' Offer Ends Soon, Now Applies to AirPods Pro 3

Wednesday September 24, 2025 7:20 am PDT by
Apple's annual "Back to School" promotion for students ends soon, so act fast if you want to score free AirPods with the purchase of an eligible new Mac or iPad. Until Tuesday, September 30, college students and qualifying educational staff in the U.S. can receive free AirPods 4 with Active Noise Cancellation when they purchase an eligible new Mac or iPad from Apple. This is a $179 value. ...
iphone 17 pro dark blue 1

Apple Blames In-Store MagSafe Chargers for iPhone 17 Pro Display Model Scratches

Wednesday September 24, 2025 10:22 am PDT by
The marks on the iPhone 17 Pro models that people have noticed at Apple retail stores are caused by the chargers that Apple uses, Apple confirmed today. Apple told 9to5Mac that worn MagSafe charging stands in stores are causing marks on the iPhone 17 Pro and iPhone 17 Pro Max. Apple says that the marks are not scratches, and are instead material transfer from the stand to the phone. The...
iPhone 17 Pro Colors

Skipped the iPhone 17 Pro? Here's What is Rumored for iPhone 18 Pro

Tuesday September 23, 2025 8:55 am PDT by
While the iPhone 18 Pro and iPhone 18 Pro Max are still a year away, there are already a few rumors about the devices that offer an early look ahead. Below, we have recapped some of the early iPhone 18 Pro rumors so far. This story was published previously, and it has been updated to reflect the latest rumors. Many early rumors prove to be true, but nothing is confirmed yet, and Apple's...
iOS 26

Everything New in iOS 26.1 Beta 1

Monday September 22, 2025 12:44 pm PDT by
Apple released the first beta of iOS 26.1 today, just a week after launching iOS 26. iOS 26.1 mainly adds new languages to Apple Intelligence, but there are a few other features that are worth knowing about. New Apple Intelligence Languages Apple Intelligence is now available in Danish, Dutch, Norwegian, Portuguese (Portugal), Swedish, Turkish, Chinese (Traditional), and Vietnamese. AirPo...
ios 26 digital id passport wallet

Apple Confirms iOS 26 Wallet Passport Feature is Coming in 2025

Tuesday September 23, 2025 1:06 pm PDT by
Digital ID, the iOS 26 feature that lets U.S. passport holders add their passports to the Wallet app, is coming later in 2025, Apple confirmed today. Apple updated the release timing wording of Digital ID on its iOS 26 features page. "Digital ID will be coming later this year with US passports only," it reads. Prior to today, the footnote for the feature said "Digital ID will be available ...
apple tv 4k new orange

Next Apple TV Expected to Launch This Year With These New Features

Monday September 22, 2025 10:00 am PDT by
The next Apple TV is expected to be released later this year, and a handful of new features and changes have been rumored for the device. Below, we recap what to expect from the next Apple TV, according to rumors. Likely Features N1 Chip With Wi-Fi 7 Last year, Bloomberg's Mark Gurman said the next Apple TV would be equipped with Apple's own combined Wi-Fi and Bluetooth chip, which is...
iPhone 17 Pro USB C Port

iPhone 17 Pro Max's USB-C Charging Speeds Tested With Apple Chargers

Monday September 22, 2025 7:29 am PDT by
The website ChargerLAB has tested the iPhone 17 Pro Max's USB-C charging speeds with a variety of Apple's chargers, from 18W to 140W. The device reached a peak charging speed of around 36W with the following Apple chargers:40W Dynamic Power Adapter with 60W Max 61W USB-C Power Adapter 67W USB-C Power Adapter 70W USB-C Power Adapter 96W USB-C Power Adapter 140W USB-C Power AdapterFor...

Top Rated Comments

dagamer34 Avatar
182 months ago
I don't know if acquisition would've been a good thing or a bad thing... but I do know that iCloud's ultimate success will mean ultimate failure for Dropbox.

Apple's vision is a 'fileless' solution, where you simply trust that all your data is 'there' somewhere. Dropbox is all about files on a filesystem. I personally like the idea of knowing where exactly my files are (and knowing that I have a copy on my local filesystem), so Dropbox is perfect for me (has been for a few years now).

However, I know many people who just type up a document and take pictures, and could care less how they're stored, whether they're backed up four times, and how to get to them—as long as they can.

I wonder, though, why Apple wanted to buy Dropbox... was it more of a goodwill gesture? iCloud seems to not really need Dropbox's particular functionality. Maybe the syncing skillset and talent.

Doubtful. The real reason why Dropbox is super successful is that its platform agnostic: Windows, Mac, Linux, Android, Windows Phone, etc... Apple would have taken that company, sucked it up, discontinued all clients and probably just come out with the same version of iCloud today. Remember they rarely buy companies for their actual product but for their talent.

Don't forget that not everyone uses all Apple devices, and iCloud is still rather neutered on Windows compared to what it can do in OS X. It only has access to photo stream and nothing else; no app data.
Score: 51 Votes (Like | Disagree)
Stella Avatar
182 months ago
DropBox will continue on regardless of iCloud. Why? With drop box you can load any type of file you want. iCloud is limited - applications have to explicity support iCloud.

There are more potential users for Dropbox than iCloud, so I don't see why iCloud determines Dropbox's future. iCloud is far less flexible.


I don't know if acquisition would've been a
good thing or a bad thing... but I do know that iCloud's ultimate success will mean ultimate failure for Dropbox.

Apple's vision is a 'fileless' solution, where you simply trust that all your data is 'there' somewhere. Dropbox is all about files on a filesystem. I personally like the idea of knowing where exactly my files are (and knowing that I have a copy on my local filesystem), so Dropbox is perfect for me (has been for a few years now).

However, I know many people who just type up a document and take pictures, and could care less how they're stored, whether they're backed up four times, and how to get to them—as long as they can.

I wonder, though, why Apple wanted to buy Dropbox... was it more of a goodwill gesture? iCloud seems to not really need Dropbox's particular functionality. Maybe the syncing skillset and talent.
Score: 23 Votes (Like | Disagree)
chaosbunny Avatar
182 months ago
They could have taken the money and lived happily ever after. That they chose not to but stick with the company they created somehow makes me admire them.
Score: 22 Votes (Like | Disagree)
benpatient Avatar
182 months ago
iCloud is so mac-focused and mac-limited in a way that dropbox has never been, that I just don't see how iCloud can realistically "kill" dropbox.

I use dropbox every day. I take it for granted. When I sit down at someone else's computer, i notice that my dropbox accounts aren't there pretty much right away.

I've got drop box on my macs, my android phones, and my pc.

Apple's solution wants me to buy an iphone and remove all options and choice from my world completely.

But what is the icloud analog to having a customer send you production files via a shared dropbox folder, which then syncs to your phone and your laptop and your work computer automatically? There isn't one. dropbox does this intelligently and seamlessly and QUICKLY. Apple is too worried about keeping everyone in their universe, and most people aren't in their universe to begin with, so the market for dropbox is bigger just from the get-go.
Score: 22 Votes (Like | Disagree)
*LTD* Avatar
182 months ago
John Cusack owns Dropbox? :eek:
Score: 16 Votes (Like | Disagree)
Kid A Avatar
182 months ago
bad move by dropbox,

iCloud is now competition and will beat it

why should you be interested in dropbox after iCloud release?

I'm interested in Dropbox precisely BECAUSE of the iCloud release.
After iCloud was announced, and no iDisk replacement was announced, I immediately signed up for DropBox. Umm, they're kinda not the same service at all. :rolleyes:
Score: 15 Votes (Like | Disagree)