Alphabet in Discussion with Advisers Regarding Potential Acquisition of HubSpot

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HubSpot (NYSE: HUBS) experienced a significant surge in its stock price on Thursday following a Reuters report revealing discussions between Alphabet (NASDAQ: GOOGL) and advisers regarding a potential acquisition of the company. As per sources familiar with the matter cited by the publication, Alphabet has been actively engaging its advisers to explore the feasibility of extending an offer to the software firm, which boasts a market valuation of $32 billion.

The report indicates that Google’s parent entity has recently convened with investment bankers from Morgan Stanley to deliberate on the appropriate valuation for the prospective offer, as well as to assess the regulatory landscape concerning potential antitrust implications of such a merger. However, as of the report’s publication, Alphabet has yet to formally present an offer to HubSpot, and Reuters underscores the absence of certainty regarding whether such an offer will ultimately materialize.

Should Alphabet proceed with an acquisition, it stands to leverage a portion of its substantial cash reserves, currently totaling $110.9 billion, into a strategic investment. As of the latest update, HUBS shares have surged by nearly 9%, commanding a trading price of $683 per share. Notably, the stock has accrued nearly a 10% increase year-to-date, with a remarkable ascent of over 51% over the preceding 12 months.

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