Dropbox Acquires Mailbox App for $100M
This was sure to happen. Mailbox, the uber famous mail client for the iPhone had to be acquired by some giant, and today the news has come that Dropbox has acquired Mailbox App for $100M. According to TechCrunch, multiple sources have confirmed that the deal was finalized at $100M in cash and stock. Yahoo also approached Mailbox with a buyout offer, but the team hesitated to be a part of Yahoo lackluster mail system.
The entire team of 13 will be moving to Dropbox and will continue to work on the App. In a blog post, CEO Drew Houston of Dropbox said -
Like many of you, when we discovered Mailbox we fell in love—it was simple, delightful, and beautifully engineered. Many have promised to help us with our overflowing inboxes, but the Mailbox team actually delivered.
One huge reason why Dropbox acquired Mailbox is so that people can send large files that have been uploaded to Dropbox via email similar to the way in which Gmail users can do this via Google Drive.