Apple seeks about $7 billion in bond offering
The seven-part sale would include floating- and fixed-rate debt, with proceeds intended for general business purposes, including buybacks and debt repayment.
Dropbox to acquire Tigris Data in $350 million deal
The purchase will support DBX Agent Cloud, a storage platform for AI developers. Dropbox expects the transaction to close in the fourth quarter of 2026.
Dropbox announced a $350 million purchase of cloud technology provider Tigris Data on November 5, expanding its infrastructure for artificial intelligence. The company expects to complete the acquisition during 2026’s fourth quarter and said it has no current plans for related headcount reductions.
The acquisition is intended to help Dropbox develop DBX Agent Cloud for companies and developers creating AI models and agents. Object storage will be its first product, available for separate purchase and compatible with software built to work with Amazon S3.
Tigris Data’s founders are former Uber engineers who worked on storage infrastructure at the ride-hailing company. Its technology places data near the people and computing resources using it, helping businesses access information across regions more quickly.
Dropbox also plans features that would enable DBX Agent Cloud to handle content ranging from documents and images to audio and video. Planned filesystem capabilities would help agents organize files and preserve continuity between sessions and tasks.
Separately, Dropbox is introducing AI functions in its main service, including supported file-based tasks, model selection and connections to ChatGPT, Claude and Muse. Dropbox said the updated experience has reached more than 70,000 teams. Eligible Standard and Advanced customers in Australia, the U.K. and the U.S. have initial access, with a wider rollout planned for 2027.