Dropbox Paid Upward of $50 Million for Mailbox
Sources familiar with the deal say it was a sizable one for such an early-stage outfit, with a price driven upward thanks to interest from some deep-pocketed companies. GigaOM and TechCrunch both claim that Mailbox was acquired for a price “well over” $50 million, with a significant chunk of stock that pushes it closer to $100 million. Here at AllThingsD, we’re hearing that’s generally accurate, but with a caveat: The stock consideration makes it tough to compute real value. “It’s somewhere in between,” another (cagey) source said of the deal.
That Dropbox was able to best such rivals in a bidding war is an impressive feat, and one that speaks to the company’s momentum and its valuation, which these days hovers between $4 billion and $5 billion. Not nearly as impressive a feat as the one Mailbox just pulled off by fetching well over $50 million for a nascent, unproven business, though.