Cloud storage company Box.net rejects 500 million dollar takeover offer

Beijing Time September 16 news, according to foreign media reports, many sources said, cloud storage service provider Box.net has refused to be a 500 million dollar acquisition of the deal.

In this regard, some sources believe that the refusal of up to $500 million in a takeover offer is not necessarily a bad thing for a popular company like Box.net, as it may suggest that box.net is more valuable and box.net may also be expecting a higher offer from other companies.

Box.net chief executive Nong, Aaron Levie, declined to comment on the news.

In the early February, Box.net just ended a round of financing, raising 48 million of billions of dollars, the main investor in emergence Capital. Currently, Box.net is planning to make the next round of financing, and plans to raise 35 million of dollars. In addition, Box.net recently opened a new office and moved to this new office in June of this year, while Box.net also rapidly expanded its workforce.

"In the past eight months, there may have been a feeling that the market is almost always changing, much more than we expected," said Mr Levy, who is 26 years old. The size of the cloud computing market, our ability to recruit talented people, and our own expectations are far more than we have been in a few quarters. ”

Industry insiders point out that Box.net's current valuation is about $550 million trillion. Currently, the number of users on the Box.net Web site is about 6 million, and about 60,000 enterprise users are configured with Box.net cloud storage software, including 73% of the Fortune 500 companies using these cloud storage software. In February this year, only 66% of the Fortune 500 companies used the cloud storage software.