HubSpot shares plunge 11% on report that Alphabet is shelving interest in acquiring software company

  • 📰 CNBC
  • ⏱ Reading Time:
  • 17 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 72%

Alphabet Inc News

Hubspot Inc,Business,Technology

Alphabet has reportedly shelved its interest in acquiring HubSpot months after the companies were reportedly in talks.

Citing people with knowledge of the matter, Bloomberg reported on Wednesday that there were never "detailed discussions about due diligence."According to Bloomberg, Alphabet was in talks with HubSpot earlier this year, "but the sides didn't reach a point of detailed discussions about due diligence," the report said, citing people with knowledge of the matter.

HubSpot develops software that companies, largely small and medium-sized businesses, use to automate marketing and reach prospective customers. Buying HubSpot would have helped Google grow revenue from business software, alongside cloud infrastructure, as well as other non-cloud businesses under the Alphabet umbrella.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

HubSpot shares plunge on report that Alphabet is shelving interest in acquiring software companyAlphabet has reportedly shelved its interest in acquiring HubSpot months after the companies were reportedly in talks.
Source: nbcsandiego - 🏆 524. / 51 Read more »