+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Mailbox Reportedly Cost Dropbox $100 Million

Mar 16, 2013, 06:17 IST

Flickr / Financial Times PhotosTechCrunch is hearing that Dropbox, the file-sharing service, paid $100 million in cash and stock for mobile-email app maker Mailbox.

Advertisement

That's a staggering sum for a just-launched product.

"Everyone is thrilled with the outcome," investor Saar Gur of Charles River Ventures told Business Insider earlier today.

But here's another perspective on the price: Dropbox was valued at $4 billion in its last private financing. It is probably worth more today—say $5 billion, based on Dropbox backer Paul Graham's rough estimate.

So $100 million is just 2 percent of Dropbox's total value. That doesn't seem like a huge price to pay to launch Dropbox into a new market and add 13 employees (including, by the way, Adam Cue, son of top Apple executive Eddy Cue).

Advertisement

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article