Will Dropbox be bought?
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Will Dropbox be bought?
Activist fund Elliott Management has procured over 10\% stake in Dropbox Inc (NASDAQ: DBX), valued at over $800 million, becoming the cloud storage group’s biggest institutional shareholder by beating Vanguard Group, the Wall Street Journal reported.
Is Dropbox a takeover target?
Investing.com — Dropbox (NASDAQ:DBX) may be the next big tech takeover target, prompting shares to jump 6\%. It’s all still rumors and speculation and comes on the heels of Salesforce (NYSE:CRM)’s $27.7 billion acquisition of Slack earlier this month.
Will dbx get acquired?
The DocSend acquisition, subject to regulatory and customary conditions, is expected to be concluded by first-quarter 2021. The buyout will not be accretive to Dropbox’s operating results in 2021. In the past year, Dropbox’s shares have returned 53.1\% compared with industry’s rally of 64.6\%.
Is Dropbox good stock to buy?
Dropbox is still a bargain right now. According to my valuation, the intrinsic value for the stock is $48.92, which is above what the market is valuing the company at the moment. This indicates a potential opportunity to buy low.
Is Dropbox losing market share?
Market Share Remains Robust Despite worries that newer competition might crush Dropbox, Dropbox remains the second most used SaaS cloud solution with 21\% of the market share in 2021 according to Datanyze, trailing behind Google Drive with 35\% of the market.
Who bought Dropbox?
KKR’s latest real estate acquisition The building, known as The Exchange on 16th, is most notable because it’s the headquarters of file-sharing technology company Dropbox (NASDAQ: DBX), which leases more than 98\% of the space in the building, totaling 738,000 square feet.
Is Dropbox a Buy Sell or Hold?
Historical EPS Growth Rate looks at the average annual (trailing 12 months) EPS growth rate over the last 3-5 years of actual earnings….Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 25.42\% |
| 2 | Buy | 19.05\% |
| 3 | Hold | 10.68\% |
| 4 | Sell | 6.41\% |
What are the chances of Dropbox being acquired by Google?
The chances of Dropbox being acquired are very low. They are struggling to figure out their business model and remain unprofitable. They have shifted to focusing more on enterprise opposed to be the consumer side according to Bloomberg.
How can Microsoft generate incremental revenues from Dropbox?
The incremental revenues include our estimated revenues for Dropbox this year, as well as additional gains from revenue synergies that Microsoft could realize. These gains would be achieved by incrementally higher revenues for Microsoft from its Productivity and Cloud Computing segments.
Will Microsoft get acquired before it goes public?
However, it’s possible that the company will get acquired before it actually goes public, as it is a strong acquisition candidate for any company that wants to improve its presence in the cloud storage / digital collaboration space.
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