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01.06.26 - 16:54
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Dropbox Completes New Senior Secured Revolving Credit Facility; Announces $900M Stock Repurchase Program (Business Wire)
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SAN FRANCISCO--(BUSINESS WIRE)--Dropbox, Inc. (“Dropbox” or the “Company”) (Nasdaq: DBX) today announced entry into a senior secured revolving credit facility with JPMorgan Chase Bank, N.A., as Administrative Agent, Collateral Agent, Joint Lead Arranger and Bookrunner Citizens Bank, N.A., Goldman Sachs Bank USA and RBC Capital Markets, each as Joint Lead Arranger, the Lenders and Issuing Banks party thereto, and the other parties party thereto, providing the Company with up to $400 million in borrowing capacity on the terms and conditions set forth therein. Proceeds may be used for working capital and general corporate purposes, including share repurchases.
The Company also announced the authorization of a new share repurchase program for the purchase of an additional $900 million of its Class A common stock.
About Dropbox
Dropbox is the one place to keep life organized and keep work moving. With more than 700 million registered users across approximately 180 countries, we're on a mission to desi...
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27.05.26 - 15:21
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Zendesk Appoints Tifenn Dano Kwan as Chief Marketing Officer (Business Wire)
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Transformational GTM Leader Joins to Scale Global Growth and Capture the Autonomous AI OpportunitySAN FRANCISCO--(BUSINESS WIRE)--Zendesk has named Tifenn Dano Kwan as Chief Marketing Officer. This appointment comes as Zendesk accelerates its push into creating a true Autonomous Service Workforce. Dano Kwan will oversee the global marketing organization with a specific focus on market differentiation and pipeline.
Dano Kwan joins Zendesk from Amplitude, where she served as Chief Marketing Officer, leading the company's strategic go-to-market transition into an AI-native analytics platform. During her tenure, she oversaw a 52 percent year-over-year increase in website traffic and built a global marketing engine responsible for over a third of marketing-sourced pipeline. Prior to Amplitude, her executive career includes nearly a decade at SAP, where she served as Chief Marketing Officer for both SAP Ariba and SAP Fieldglass, as well as leadership roles at Collibra and Dropbox.
"Tifenn is a disciplined...
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27.05.26 - 05:06
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Dropbox co-founder Andrew Houston to step down as CEO, Ashraf Alkarmi named successor (Digitimes)
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Dropbox has announced a leadership transition: co-founder and CEO Andrew Houston will step down after 19 years. According to Reuters, Houston will share the responsibilities with internal executive Ashraf Alkarmi under a temporary co-CEO structure effective immediately, before transitioning into the role of Executive Chairman. Following this interim dual-leadership period, Alkarmi will assume sole control as chief executive....
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