Apple reportedly buys iCloud.com for $4.5 million
Apple may have purchased the domain name iCloud.com for $4.5 million, according to Om Malik of GigaOm.
iCloud.com was a cloud storage service owned by Xcerion, and recently rebranded the product as CloudMe.com. Malik?s source claims that Xcerion sold the domain to Apple for $4.5 million.
Xcerion?s cloud product rebranding occurred on the 5th of April. With rumors that have circulated for years regarding Apple?s cloud music service coming to a head, this is one more piece of evidence causing speculation that such a launch is imminent ? perhaps before or at this year?s WWDC.
A cloud music service from Apple would compete with Amazon?s recently-launched Cloud Locker.

Source: http://thenextweb.com/apple/2011/04/28/apple-reportedly-buys-icloud-com-for-4-5-million/
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