Alphabet Inc. ($GOOGL), the parent company of Google, is reportedly in discussions with advisers about making an offer to acquire HubSpot ($HUBS), an online marketing software company. Multiple sources have indicated that these talks are ongoing, with Reuters and Bloomberg among the outlets reporting on the potential acquisition. HubSpot, known for its customer relationship management (CRM) platform, has a market value estimated between $32 billion and $35 billion. The news of these talks has led to a notable increase in HubSpot's stock price, with shares jumping nearly 9% according to reports. Alphabet has also reportedly met with Morgan Stanley investment bankers in recent days, although no official offer has been made yet.
I have no idea if Google will actually try to buy HubSpot Folks consider offers all the time, no offer has been made. At least as of today, I wouldn't read too much into it. Having said that, if Google wants to own more at the application layer, this is probably the best thing… https://t.co/faep4duEos
Google parent Alphabet weighing offer for HubSpot, sources say https://t.co/c8P95kHjCO https://t.co/OFD1Dn0SUV
HubSpot Stock Spikes on Report Google Might Bid. https://t.co/0ECXHWtPg8