Thursday, December 13, 2012

Dropbox Buys Audiogalaxy

San Francisco-based cloud storage provider Dropbox has acquired AudioGalaxy, the operator of an online music streaming service. Financial terms of the buy were not disclosed. The buy appears to be primarily an employee acquisition for Dropbox, as the founders of Audiogalaxy said they would be shutting down access to the service to new users and will be joining Dropbox to "bring great new experiences" to Dropbox users.