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Google parent Alphabet weighing offer for HubSpot, sources say

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Hubspot,Google,Deal

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.

 

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