{
  "title": "Dropbox to Acquire Tigris Data for $350 Million in Cash",
  "publisher": "Acquiry Deal Intelligence",
  "author": "Joash Boyton",
  "url": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/",
  "published": "2026-11-07T00:15:00Z",
  "updated": "2026-11-07T00:15:00Z",
  "licence": "Free to reference with attribution to Acquiry Deal Intelligence and a link to the source URL.",
  "basisNote": "company-disclosed = stated in a company filing or company website; press-sourced = stated by a named news publication; calculated = Acquiry arithmetic on the sourced inputs, formula shown.",
  "rows": [
    {
      "dataset": "sourced-inputs",
      "id": "deal.announced",
      "label": "Announcement date",
      "value": "2026-11-05",
      "unit": "date",
      "display": "November 5, 2026",
      "basis": "press-sourced",
      "formula": "",
      "inputs": "",
      "source": "https://www.sec.gov/Archives/edgar/data/1467623/000146762326000056/november2026exhibit991.htm",
      "source_title": "Dropbox, Inc. (Business Wire) via SEC Form 8-K, Exhibit 99.1, 5 November 2026",
      "evidence": "SAN FRANCISCO, November 5, 2026 (BUSINESS WIRE)",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "deal.value",
      "label": "Headline cash consideration",
      "value": 350,
      "unit": "usd_m",
      "display": "$350.0 million",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "https://www.sec.gov/Archives/edgar/data/1467623/000146762326000058/q32026er-exhibit991q2xq4.htm",
      "source_title": "Dropbox, Inc. via SEC (Form 8-K, Exhibit 99.1), 5 November 2026",
      "evidence": "for approximately $350.0 million in cash",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "deal.cashPortion",
      "label": "Cash consideration stated in the Form 8-K",
      "value": 350,
      "unit": "usd_m",
      "display": "$350 million",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "https://www.sec.gov/Archives/edgar/data/1467623/000146762326000056/dbx-20261103.htm",
      "source_title": "Dropbox, Inc. via SEC, 5 November 2026",
      "evidence": "for cash consideration of approximately $350 million",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "target.founded",
      "label": "Tigris founded",
      "value": 2022,
      "unit": "year",
      "display": "2022",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "https://www.tigrisdata.com/about/",
      "source_title": "Tigris Data, 6 November 2026",
      "evidence": "Tigris was founded in 2022 by the former Uber storage team",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "target.lastRoundSize",
      "label": "Tigris Series A amount raised",
      "value": 25,
      "unit": "usd_m",
      "display": "$25M",
      "basis": "press-sourced",
      "formula": "",
      "inputs": "",
      "source": "https://www.tigrisdata.com/blog/series-a/",
      "source_title": "Tigris Data, 8 October 2025",
      "evidence": "Tigris has raised our $25M Series A",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "target.lastRoundDate",
      "label": "Tigris Series A announced",
      "value": "2025-10-08",
      "unit": "date",
      "display": "Published 2025-10-08",
      "basis": "press-sourced",
      "formula": "",
      "inputs": "",
      "source": "https://www.tigrisdata.com/blog/series-a/",
      "source_title": "Tigris Data, 8 October 2025",
      "evidence": "Published 2025-10-08",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "acquirer.cash",
      "label": "Dropbox cash, cash equivalents and short-term investments",
      "value": 1142,
      "unit": "usd_m",
      "display": "$1.142 billion",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "https://www.sec.gov/Archives/edgar/data/1467623/000146762326000058/q32026er-exhibit991q2xq4.htm",
      "source_title": "Dropbox, Inc. via SEC (Form 8-K, Exhibit 99.1), 5 November 2026",
      "evidence": "Cash, cash equivalents and short-term investments ended at $1.142 billion",
      "as_at": "2026-09-30",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "acquirer.revenue",
      "label": "Dropbox revenue, fiscal year 2025",
      "value": 2521,
      "unit": "usd_m",
      "display": "$2,521.0 million",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "https://www.sec.gov/Archives/edgar/data/1467623/000146762326000008/dbx-20251231.htm",
      "source_title": "Dropbox, Inc. via SEC, 20 February 2026",
      "evidence": "Total revenue | $ | 2,521.0",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "acquirer.employees",
      "label": "Dropbox full-time employees, 31 December 2025",
      "value": 2113,
      "unit": "count",
      "display": "2,113",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "https://www.sec.gov/Archives/edgar/data/1467623/000146762326000008/dbx-20251231.htm",
      "source_title": "Dropbox, Inc. via SEC, 20 February 2026",
      "evidence": "As of December 31, 2025, we had 2,113 full-time employees",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "dropbox.q3Revenue",
      "label": "Dropbox total revenue, third quarter 2026",
      "value": 637.3,
      "unit": "usd_m",
      "display": "$637.3 million",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "https://www.sec.gov/Archives/edgar/data/1467623/000146762326000058/q32026er-exhibit991q2xq4.htm",
      "source_title": "Dropbox, Inc. via SEC (Form 8-K, Exhibit 99.1), 5 November 2026",
      "evidence": "Total revenue was $637.3 million",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "dropbox.totalArr",
      "label": "Dropbox Total ARR, 30 September 2026",
      "value": 2555,
      "unit": "usd_m",
      "display": "$2.555 billion",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "https://www.sec.gov/Archives/edgar/data/1467623/000146762326000058/q32026er-exhibit991q2xq4.htm",
      "source_title": "Dropbox, Inc. via SEC (Form 8-K, Exhibit 99.1), 5 November 2026",
      "evidence": "Total ARR was $2.555 billion",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "dropbox.payingUsers",
      "label": "Dropbox paying users, third quarter 2026",
      "value": 18200000,
      "unit": "count",
      "display": "18.20 million",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "https://www.sec.gov/Archives/edgar/data/1467623/000146762326000058/q32026er-exhibit991q2xq4.htm",
      "source_title": "Dropbox, Inc. via SEC (Form 8-K, Exhibit 99.1), 5 November 2026",
      "evidence": "Paying users totaled 18.20 million",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "dropbox.payingUsersYearEnd",
      "label": "Dropbox paying users, 31 December 2025",
      "value": 18080000,
      "unit": "count",
      "display": "18.08 million",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "https://www.sec.gov/Archives/edgar/data/1467623/000146762326000008/dbx-20251231.htm",
      "source_title": "Dropbox, Inc. via SEC, 20 February 2026",
      "evidence": "18.08 million paying users as of December 31, 2025",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "dropbox.unleveredFcf",
      "label": "Dropbox unlevered free cash flow, third quarter 2026",
      "value": 303.9,
      "unit": "usd_m",
      "display": "$303.9 million",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "https://www.sec.gov/Archives/edgar/data/1467623/000146762326000058/q32026er-exhibit991q2xq4.htm",
      "source_title": "Dropbox, Inc. via SEC (Form 8-K, Exhibit 99.1), 5 November 2026",
      "evidence": "Unlevered free cash flow was $303.9 million",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "dropbox.repurchases9m",
      "label": "Dropbox common stock repurchases, nine months to 30 September 2026",
      "value": 847.3,
      "unit": "usd_m",
      "display": "$847.3 million",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "https://www.sec.gov/Archives/edgar/data/1467623/000146762326000061/dbx-20260930.htm",
      "source_title": "Dropbox, Inc. via SEC, 6 November 2026",
      "evidence": "$847.3 million for the repurchase of our common stock",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "dropbox.revolver",
      "label": "Dropbox revolving credit facility, undrawn at 30 September 2026",
      "value": 400,
      "unit": "usd_m",
      "display": "$400.0 million",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "https://www.sec.gov/Archives/edgar/data/1467623/000146762326000061/dbx-20260930.htm",
      "source_title": "Dropbox, Inc. via SEC, 6 November 2026",
      "evidence": "we entered into a $400.0 million revolving credit facility",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "dropbox.founded",
      "label": "Dropbox founded",
      "value": 2007,
      "unit": "year",
      "display": "2007",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "https://www.sec.gov/Archives/edgar/data/1467623/000146762326000008/dbx-20251231.htm",
      "source_title": "Dropbox, Inc. via SEC, 20 February 2026",
      "evidence": "We were founded in 2007",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "dropbox.ownInfraShare",
      "label": "Share of Dropbox users’ data stored on its own infrastructure",
      "value": 90,
      "unit": "pct",
      "display": "More than 90%",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "https://www.sec.gov/Archives/edgar/data/1467623/000146762326000008/dbx-20251231.htm",
      "source_title": "Dropbox, Inc. via SEC, 20 February 2026",
      "evidence": "More than 90% of our users’ data is stored on our own custom-built infrastructure",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "dropbox.teamsRolledOut",
      "label": "Teams with the new Dropbox experience on day one",
      "value": 70000,
      "unit": "count",
      "display": "More than 70,000",
      "basis": "press-sourced",
      "formula": "",
      "inputs": "",
      "source": "https://www.sec.gov/Archives/edgar/data/1467623/000146762326000056/november2026exhibit991.htm",
      "source_title": "Dropbox, Inc. (Business Wire) via SEC Form 8-K, Exhibit 99.1, 5 November 2026",
      "evidence": "has already rolled out to more than 70,000 teams",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/#deal-data"
    },
    {
      "dataset": "calculations",
      "id": "months-since-last-round",
      "label": "Months from last funding round to announcement",
      "value": 13,
      "unit": "count",
      "display": "13",
      "basis": "calculated",
      "formula": "Days between the two dates ÷ 30.44",
      "inputs": "target.lastRoundDate | deal.announced",
      "source": "",
      "source_title": "",
      "evidence": "How long the target stayed independent after its last round.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/#calc-months-since-last-round"
    },
    {
      "dataset": "calculations",
      "id": "value-to-last-round",
      "label": "Price as a multiple of the last funding round",
      "value": 14,
      "unit": "x",
      "display": "14x",
      "basis": "calculated",
      "formula": "Transaction value ÷ amount raised in the last round",
      "inputs": "deal.value | target.lastRoundSize",
      "source": "",
      "source_title": "",
      "evidence": "Sizes the exit against the most recent capital committed. It is a round size, not a valuation.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/#calc-value-to-last-round"
    },
    {
      "dataset": "calculations",
      "id": "years-to-exit",
      "label": "Years from founding to announcement",
      "value": 4,
      "unit": "year",
      "display": "4 years",
      "basis": "calculated",
      "formula": "Announcement year − founding year",
      "inputs": "target.founded | deal.announced",
      "source": "",
      "source_title": "",
      "evidence": "Time to outcome for founders and early investors.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/#calc-years-to-exit"
    },
    {
      "dataset": "calculations",
      "id": "share-of-cash",
      "label": "Price as a share of the acquirer's cash and investments",
      "value": 30.648,
      "unit": "pct",
      "display": "30.6%",
      "basis": "calculated",
      "formula": "Transaction value ÷ acquirer cash and investments × 100",
      "inputs": "deal.value | acquirer.cash",
      "source": "",
      "source_title": "",
      "evidence": "How comfortably the balance sheet carries the deal.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/#calc-share-of-cash"
    },
    {
      "dataset": "calculations",
      "id": "share-of-acquirer-revenue",
      "label": "Price as a share of the acquirer's annual revenue",
      "value": 13.8834,
      "unit": "pct",
      "display": "13.9%",
      "basis": "calculated",
      "formula": "Transaction value ÷ acquirer revenue × 100",
      "inputs": "deal.value | acquirer.revenue",
      "source": "",
      "source_title": "",
      "evidence": "Puts the price in terms of the buyer’s own scale.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/#calc-share-of-acquirer-revenue"
    },
    {
      "dataset": "calculations",
      "id": "cash-mix",
      "label": "Cash share of consideration",
      "value": 100,
      "unit": "pct",
      "display": "100%",
      "basis": "calculated",
      "formula": "Cash consideration ÷ transaction value × 100",
      "inputs": "deal.cashPortion | deal.value",
      "source": "",
      "source_title": "",
      "evidence": "Certainty of value for the sellers.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/#calc-cash-mix"
    },
    {
      "dataset": "calculations",
      "id": "price-vs-quarter-fcf",
      "label": "Cash price divided by one quarter of Dropbox unlevered free cash flow (a comparison of two amounts)",
      "value": 1.1517,
      "unit": "x",
      "display": "1.15x",
      "basis": "calculated",
      "formula": "Headline cash consideration ÷ Dropbox unlevered free cash flow, third quarter 2026",
      "inputs": "deal.value | dropbox.unleveredFcf",
      "source": "",
      "source_title": "",
      "evidence": "Shows how many quarters of unlevered free cash flow equal the price.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/#calc-price-vs-quarter-fcf"
    },
    {
      "dataset": "calculations",
      "id": "price-share-of-arr",
      "label": "Cash price as a share of Dropbox Total ARR",
      "value": 13.6986,
      "unit": "pct",
      "display": "13.7%",
      "basis": "calculated",
      "formula": "Headline cash consideration ÷ Dropbox Total ARR, 30 September 2026 × 100",
      "inputs": "deal.value | dropbox.totalArr",
      "source": "",
      "source_title": "",
      "evidence": "Relates the price to the recurring revenue base the buyer already has.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/#calc-price-share-of-arr"
    },
    {
      "dataset": "calculations",
      "id": "price-share-of-revolver",
      "label": "Cash price as a share of the undrawn Dropbox revolving facility",
      "value": 87.5,
      "unit": "pct",
      "display": "87.5%",
      "basis": "calculated",
      "formula": "Headline cash consideration ÷ Dropbox revolving credit facility, undrawn at 30 September 2026 × 100",
      "inputs": "deal.value | dropbox.revolver",
      "source": "",
      "source_title": "",
      "evidence": "Compares the price with the credit capacity held in reserve.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/#calc-price-share-of-revolver"
    },
    {
      "dataset": "calculations",
      "id": "price-share-of-buybacks",
      "label": "Cash price as a share of nine-month share repurchases",
      "value": 41.3077,
      "unit": "pct",
      "display": "41.3%",
      "basis": "calculated",
      "formula": "Headline cash consideration ÷ Dropbox common stock repurchases, nine months to 30 September 2026 × 100",
      "inputs": "deal.value | dropbox.repurchases9m",
      "source": "",
      "source_title": "",
      "evidence": "Places the acquisition next to the cash Dropbox returned to shareholders in 2026.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/#calc-price-share-of-buybacks"
    },
    {
      "dataset": "calculations",
      "id": "price-share-of-quarter-revenue",
      "label": "Cash price as a share of Dropbox third quarter revenue",
      "value": 54.9192,
      "unit": "pct",
      "display": "54.9%",
      "basis": "calculated",
      "formula": "Headline cash consideration ÷ Dropbox total revenue, third quarter 2026 × 100",
      "inputs": "deal.value | dropbox.q3Revenue",
      "source": "",
      "source_title": "",
      "evidence": "Sizes the price against one quarter of buyer revenue.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/#calc-price-share-of-quarter-revenue"
    },
    {
      "dataset": "calculations",
      "id": "paying-user-growth",
      "label": "Dropbox paying users, third quarter 2026 against year-end 2025",
      "value": 0.6637,
      "unit": "pct",
      "display": "0.66%",
      "basis": "calculated",
      "formula": "(Dropbox paying users, third quarter 2026 ÷ Dropbox paying users, 31 December 2025 − 1) × 100",
      "inputs": "dropbox.payingUsers | dropbox.payingUsersYearEnd",
      "source": "",
      "source_title": "",
      "evidence": "Shows the direction of the paying-user base in the year of the deal.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/#calc-paying-user-growth"
    },
    {
      "dataset": "calculations",
      "id": "founding-years-apart",
      "label": "Tigris founding year minus Dropbox founding year",
      "value": 15,
      "unit": "year",
      "display": "15 years",
      "basis": "calculated",
      "formula": "Tigris founded − Dropbox founded",
      "inputs": "target.founded | dropbox.founded",
      "source": "",
      "source_title": "",
      "evidence": "Shows how many years of operating history Dropbox had before Tigris began.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/#calc-founding-years-apart"
    },
    {
      "dataset": "key-figures",
      "id": "key-figure-1",
      "label": "Cash consideration",
      "value": "$350 million",
      "unit": "",
      "display": "$350 million",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "",
      "source_title": "",
      "evidence": "Stated in the Dropbox Form 8-K of 5 November 2026.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/"
    },
    {
      "dataset": "key-figures",
      "id": "key-figure-2",
      "label": "Dropbox Total ARR",
      "value": "$2.555 billion",
      "unit": "",
      "display": "$2.555 billion",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "",
      "source_title": "",
      "evidence": "At 30 September 2026, up 0.8% year over year.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/"
    },
    {
      "dataset": "key-figures",
      "id": "key-figure-3",
      "label": "Paying users",
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      "display": "18.20 million",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "",
      "source_title": "",
      "evidence": "Third quarter 2026, against 18.07 million a year earlier.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/"
    },
    {
      "dataset": "key-figures",
      "id": "key-figure-4",
      "label": "Tigris Series A",
      "value": "$25M",
      "unit": "",
      "display": "$25M",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "",
      "source_title": "",
      "evidence": "Announced 8 October 2025.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/"
    },
    {
      "dataset": "key-facts",
      "id": "key-fact-1",
      "label": "Cash consideration",
      "value": "$350 million",
      "unit": "",
      "display": "$350 million",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "",
      "source_title": "",
      "evidence": "Approximately, for all of the outstanding equity of Tigris, subject to customary purchase price adjustments.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/"
    },
    {
      "dataset": "key-facts",
      "id": "key-fact-2",
      "label": "Dates",
      "value": "Signed 3 Nov, announced 5 Nov 2026",
      "unit": "",
      "display": "Signed 3 Nov, announced 5 Nov 2026",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "",
      "source_title": "",
      "evidence": "The definitive agreement is dated 3 November 2026 and the announcement 5 November 2026.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/"
    },
    {
      "dataset": "key-facts",
      "id": "key-fact-3",
      "label": "Expected close",
      "value": "Fourth quarter of 2026",
      "unit": "",
      "display": "Fourth quarter of 2026",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "",
      "source_title": "",
      "evidence": "Subject to the satisfaction or waiver of certain customary closing conditions.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/"
    },
    {
      "dataset": "key-facts",
      "id": "key-fact-4",
      "label": "New offering",
      "value": "DBX Agent Cloud",
      "unit": "",
      "display": "DBX Agent Cloud",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "",
      "source_title": "",
      "evidence": "Begins with standalone, S3-compatible object storage; filesystem and content processing planned.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/"
    },
    {
      "dataset": "key-facts",
      "id": "key-fact-5",
      "label": "Tigris funding",
      "value": "$25M Series A",
      "unit": "",
      "display": "$25M Series A",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "",
      "source_title": "",
      "evidence": "Announced 8 October 2025, led by Spark Capital with continued support from Andreessen Horowitz.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/"
    },
    {
      "dataset": "key-facts",
      "id": "key-fact-6",
      "label": "Dropbox cash",
      "value": "$1.142 billion",
      "unit": "",
      "display": "$1.142 billion",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "",
      "source_title": "",
      "evidence": "Cash, cash equivalents and short-term investments at 30 September 2026.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/dropbox-to-acquire-tigris-data-for-350-million/"
    }
  ],
  "sources": [
    {
      "id": "s1",
      "title": "Dropbox Announces Plans to Acquire Tigris Data Inc. and Unveils DBX Agent Cloud as Part of AI-Powered Product Evolution",
      "href": "https://www.sec.gov/Archives/edgar/data/1467623/000146762326000056/november2026exhibit991.htm",
      "publisher": "Dropbox, Inc. (Business Wire) via SEC Form 8-K, Exhibit 99.1",
      "date": "5 November 2026",
      "isoDate": "2026-11-05",
      "kind": "Press release"
    },
    {
      "id": "s2",
      "title": "Dropbox, Inc. Form 8-K: Regulation FD Disclosure and Other Events (Tigris Data Inc.)",
      "href": "https://www.sec.gov/Archives/edgar/data/1467623/000146762326000056/dbx-20261103.htm",
      "publisher": "Dropbox, Inc. via SEC",
      "date": "5 November 2026",
      "isoDate": "2026-11-05",
      "kind": "SEC filing"
    },
    {
      "id": "s3",
      "title": "Dropbox Announces Third Quarter 2026 Results",
      "href": "https://www.sec.gov/Archives/edgar/data/1467623/000146762326000058/q32026er-exhibit991q2xq4.htm",
      "publisher": "Dropbox, Inc. via SEC (Form 8-K, Exhibit 99.1)",
      "date": "5 November 2026",
      "isoDate": "2026-11-05",
      "kind": "SEC filing"
    },
    {
      "id": "s4",
      "title": "Dropbox's next chapter: moving your work forward with AI in Dropbox",
      "href": "https://blog.dropbox.com/topics/company/dropboxs-next-chapter",
      "publisher": "Dropbox Blog",
      "date": "5 November 2026",
      "isoDate": "2026-11-05",
      "kind": "Company blog"
    },
    {
      "id": "s5",
      "title": "Dropbox, Inc. Form 10-Q for the quarter ended 30 September 2026",
      "href": "https://www.sec.gov/Archives/edgar/data/1467623/000146762326000061/dbx-20260930.htm",
      "publisher": "Dropbox, Inc. via SEC",
      "date": "6 November 2026",
      "isoDate": "2026-11-06",
      "kind": "SEC filing"
    },
    {
      "id": "s6",
      "title": "Dropbox, Inc. Form 10-K for the year ended 31 December 2025",
      "href": "https://www.sec.gov/Archives/edgar/data/1467623/000146762326000008/dbx-20251231.htm",
      "publisher": "Dropbox, Inc. via SEC",
      "date": "20 February 2026",
      "isoDate": "2026-02-20",
      "kind": "SEC filing"
    },
    {
      "id": "s7",
      "title": "Tigris Raises $25M to Build the Storage Layer for the AI Era",
      "href": "https://www.tigrisdata.com/blog/series-a/",
      "publisher": "Tigris Data",
      "date": "8 October 2025",
      "isoDate": "2025-10-08",
      "kind": "Company blog"
    },
    {
      "id": "s8",
      "title": "About Tigris",
      "href": "https://www.tigrisdata.com/about/",
      "publisher": "Tigris Data",
      "date": "6 November 2026",
      "isoDate": "2026-11-06",
      "kind": "Company website"
    },
    {
      "id": "s9",
      "title": "Tigris Developer Documentation",
      "href": "https://www.tigrisdata.com/docs/",
      "publisher": "Tigris Data",
      "date": "6 November 2026",
      "isoDate": "2026-11-06",
      "kind": "Company documentation"
    },
    {
      "id": "s10",
      "title": "Tigris documentation: Forks",
      "href": "https://www.tigrisdata.com/docs/forks/",
      "publisher": "Tigris Data",
      "date": "6 November 2026",
      "isoDate": "2026-11-06",
      "kind": "Company documentation"
    },
    {
      "id": "s11",
      "title": "Tigris Storage for AI Agents",
      "href": "https://www.tigrisdata.com/docs/agents-use-cases/",
      "publisher": "Tigris Data",
      "date": "6 November 2026",
      "isoDate": "2026-11-06",
      "kind": "Company documentation"
    },
    {
      "id": "s12",
      "title": "Migrate to Tigris Object Storage",
      "href": "https://www.tigrisdata.com/docs/migration/",
      "publisher": "Tigris Data",
      "date": "6 November 2026",
      "isoDate": "2026-11-06",
      "kind": "Company documentation"
    },
    {
      "id": "s13",
      "title": "Tigris Pricing",
      "href": "https://www.tigrisdata.com/pricing.md",
      "publisher": "Tigris Data",
      "date": "6 November 2026",
      "isoDate": "2026-11-06",
      "kind": "Company website"
    },
    {
      "id": "s14",
      "title": "Tigris: Storage for Any Cloud",
      "href": "https://www.tigrisdata.com/",
      "publisher": "Tigris Data",
      "date": "6 November 2026",
      "isoDate": "2026-11-06",
      "kind": "Company website"
    }
  ]
}