If Alphabet moves ahead with a bid, it would be a rare example of a major tech company attempting a mega deal amid heightened regulatory scrutiny of the sector under the Biden administration
, an online marketing software company with a market value of $35-billion, people familiar with the matter said.
Alphabet has met with Morgan Stanley investment bankers in recent days about a potential offer for HubSpot, the sources said. It has been discussing how much it should offer and whether antitrust regulators would clear such a tie-up, the sources added. HubSpot, which listed in the stock market in 2014, provides marketing software to companies that typically have up to 2,000 employees.
It would also be a boon for Google’s cloud computing business, which is seeking to narrow its competitive gap with rivals Microsoft and Amazon.com.
Hubspot Google Deal Cent Alphabet Offer Loss Company Hewlett Packard Enterprise Alphabet Sundar Pichai
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AI in iPhones? Apple in talks with GoogleApple (AAPL) is in talks with Alphabet's Google (GOOG, GOOGL) to potentially incorporate Google's 'Gemini' generative AI engine into its iPhones, according...
Read more »
Trump blasts Biden over Laken Riley's death after Biden says he regrets using term 'illegal'U.S.
Read more »
Biden Campaign Slams Trump For 'Inciting' Violence Following Hog-Tied Biden PostThe former president shared a video of a truck that featured a picture of a seemingly helpless Biden with his hands and feet tied up.
Read more »
Alphabet named a 'Best Idea' at WedbushAnalysts at Wedbush Securities raised their price target on Alphabet (GOOGL, GOOG) to $175 from $160 and moved it to their 'Best Ideas List.' Analyst Scott...
Read more »
Fed decision, Alphabet's AI play, tech sector lags: Market takeawaysAs the trading day draws to a close, Yahoo Finance's Josh Schafer joins the Live Show to discuss the top three market takeaways for Monday. With the highly...
Read more »