Shares of HubSpot spiked 9% on Thursday morning after Reuters reported that Alphabet is weighing making an offer for the marketing software company.
Alphabet has in recent days discussed how much it should offer and whether antitrust officials would greenlight the deal, Reuters reported, citing people familiar with the matter.Alphabet has in recent days discussed how much it should offer and whether antitrust officials would greenlight the deal, Reuters reported, citing people familiar with the matter.Sign up for NBC Philadelphia newsletters.
The potential deal reported Thursday could be a significant purchase for Google's parent company. HubSpot, based in Cambridge, Massachusetts, had a market cap of around $32 billion before Reuters reported on Alphabet's interest. The company provides businesses with marketing, sales and customer service software.
Alphabet has yet to submit an offer for HubSpot and it's uncertain if it will, according to the report.Energy might be the 'story of the summer,' one chief investment officer says. Here's how to play itS&P 500 chart analysis shows pullback is likely and investors should hedge