Cloud storage service Dropbox is looking to raise between $200m-$300m in a new round of fundraising, according to TechCrunch. This gives the company a valuation of approximately $5bn, TechCrunch estimates.
US DVD and movie streaming company Netflix has overhauled its pricing policy to reflect the relative costs of distributing movies via the net and the post, Business Insider reports. The flat $9.99 rate for DVDs and streaming has been scrapped. Instead, customers will be charged $7.99 for streaming plus another $7.99 to get one DVD out at a time.
China Telecom is planning to offer its 106m subscribers the Apple iPhone by the end of 2011, becoming the second operator in the country to offer the smartphone, says Reuters. The move would help China Telecom cement more high-end 3G users in the world’s largest mobile phone market.
From the FT:
- Research In Motion chiefs defend record
- ASML predicts slowdown for semiconductors
- Cisco Systems to cut up to 14% of workforce