Dropbox May Have Declined $800 Million Acquisition Offer from Apple

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Business Insider files this report under "gossip", but says that it has heard from a pair of second-hand sources that Apple bid up to $800 million for file storage and sharing service Dropbox, but Dropbox passed on the deal to remain independent. The company has since raised a new round of funding at a $4 billion valuation.

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 has been extremely popular with users, offering clients for a host of platforms that allow users to easily access their files via the cloud from nearly anywhere. The service provides 2 GB of free storage for users, with paid upgrades to 50 GB and 100 GB available. The company has also rolled out "Teams" packages to allow groups to take advantage of the storage and sharing functionality with shared quotas and centralized billing.

Top Rated Comments

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114 months ago
Good for Dropbox "supposedly" not accepting the buyout. I'm a little sick of MS, Apple and Google buying up all the competition. It's really bad for innovation.
Score: 12 Votes (Like | Disagree)
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114 months ago
Thats what I always said: If apple wants to make iDisk useful they need to purchase DropBox ... too bad it didn't work out. I love dropbox - best way to combine the advantages of the 'cloud' with the advantage of local storage.
Score: 11 Votes (Like | Disagree)
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114 months ago
I love dropbox. I have been using since the year they came out and can't image living without them today. I am glad they have created a model where they can stay profitable and in business.
Score: 8 Votes (Like | Disagree)
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114 months ago
I'm glad DropBox didn't sell. Nothing more to say since the reasons are obvious.
Score: 6 Votes (Like | Disagree)
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114 months ago
Actually I'm very happy Apple didn't buy Dropbox. Dropbox already works great with the Mac and iOS devices and apps and even the web. But it also works cross platform should you need that on Windows at some point. Dropbox out did iDisk a long time ago. Apple's iCloud is more of a catch up. By not being purchased by Apple, I think Dropbox has a bright future. Sometimes being a third party is better.:)
Score: 5 Votes (Like | Disagree)
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114 months ago
Good! I want DropBox to remain neutral.

You know once Apple purchased it, they'd limit it only for their products.
Score: 4 Votes (Like | Disagree)

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