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DBX - Dropbox to acquire DocSend for $165M in cash
Dropbox Inc
Dropbox ([[DBX]] +1.6%) to acquire DocSend, a secure document sharing and analytics company with more than 17K customers.This acquisition will bring customers an end-to-end suite of secure, self-serve products for content collaboration, sharing, and e-signature.Under the terms, Dropbox will acquire DocSend for $165M in cash.The transaction is expected to close in Q1 2021 and is expected to have an immaterial impact on 2021 operating results.