Dropbox gains on report of takeover speculation
funky-data/iStock Unreleased via Getty Images


Dropbox (NASDAQ:DBX) rose 7.1% after a report that the company may have been approached about a potential takeover.
A source familiar with Dropbox (DBX) said last month they were approached by a consulting firm that was asking for sensitive information for a possible buyer for the company, according to a TheDeal.com report. Dropbox has a market cap of $7.8 billion.

Dropbox (DBX) didn't immediately return Seeking Alpha's email request for comment.
Dropbox (DBX) has been the subject of takeover and activist speculation after it was disclosed that prominent activist Elliott Management took a stake about a year ago.
Dropbox (DBX) CEO Drew Houston told CNBC in July that the company's engagement with activist hedge fund Elliott Management had been "friendly."

Last month RBC analyst Rishi Jaluria said he viewed Dropbox (DBX) as a viable takeover candidate for Adobe (ADBE) or Salesforce (CRM).