Technology

HubSpot: Google's Parent Company Flirts with Mega-Deal

Speculation bubbles: HubSpot shares soar on the NYSE, rumors of Alphabet takeover boost the price.

Eulerpool News Apr 7, 2024, 5:00 PM

Speculation About a Possible Takeover of the Marketing Software Company HubSpot by Internet Giant Alphabet Has Disturbed the Stock Market. Reports suggest that Alphabet, the parent company of Google, is considering an acquisition of HubSpot, which led to an increase in HubSpot stock by up to 10.71 percent, while Alphabet shares declined. The potential deal, which would value HubSpot at approximately 32 billion US dollars, could represent the largest acquisition in Alphabet's history.

Despite Revenues of 2.2 Billion US Dollars Last Year, HubSpot Is Not Profitable but Has Good Growth Opportunities According to Investors. Alphabet, with Cash Reserves of 110.9 Billion US Dollars at the End of 2023, Could Easily Finance the Acquisition. However, the Company Is Already under Close Scrutiny by US Antitrust Regulators, Which Could Complicate the Realization of Such a Transaction.

According to reports, Alphabet is in talks with Morgan Stanley to determine a fair offer price for HubSpot and to clarify antitrust authority approval. An official statement from Alphabet or HubSpot is still pending, with HubSpot indicating that it generally does not comment on rumors or speculation. Market participants are closely watching the developments, as the potential acquisition could offer strategic advantages for Alphabet, but it is weighed down by antitrust concerns.

Own the gold standard ✨ in financial data & analytics
fair value · 20 million securities worldwide · 50 year history · 10 year estimates · leading business news

Subscribe for $2

News