Home HubSpot stock price surges after talks of Google deal

HubSpot stock price surges after talks of Google deal


  • HubSpot's stock price surged by 8% following reports of a potential all-stock acquisition by Alphabet, Google's parent company.
  • If the deal goes through, it would be Alphabet's largest acquisition to date, with HubSpot's current market cap around $33 billion.
  • The acquisition could help Google close the gap with Microsoft and Amazon in the cloud computing market.

As rumors of a potential HubSpot deal with Google continue, the company’s stock price jumped by 8% in one day.

The spike came jumped by 8% on Tuesday (May 28) after CNBC’s David Faber reported that Alphabet is looking at an all-stock offer for the software company.

Faber said: “There have been many reports about HubSpot being in conversations with Google.

“My understanding is absolutely true, all-stock deal for Alphabet to acquire HubSpot.”

Alphabet is the parent company of Google and reports about a possible acquisition or deal of the marketing software enterprise HubSpot have been spoken about for some months now.

HubSpot is used mainly by small and medium businesses and is an AI-powered customer platform that aims to bring together different departments. This includes operations, content, service, sales, commerce, and marketing.

HubSpot and Google deal could be the biggest yet for Alphabet

While the software has always been popular, its latest shares rise with a market cap of around $33 billion would make it Alphabet’s largest deal so far. Google’s biggest acquisition was in 2011 when the purchase of Motorola Mobility went through for $12.5 billion.

Previously it was understood that an offer hadn’t yet been made but all of that could have changed in the last month.

Last month, a HubSpot spokesperson said: “As standard practice, HubSpot does not comment on rumors or speculation. We continue to focus on building a great business and serving our customers.”

If the deal does go ahead, this will help Google to narrow the gap with rivals Microsoft and Amazon in the battle in cloud computing.

Featured Image: Via LinkedIn Article

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Sophie Atkinson
Tech Journalist

Sophie Atkinson is a UK-based journalist and content writer, as well as a founder of a content agency which focuses on storytelling through social media marketing. She kicked off her career with a Print Futures Award which champions young talent working in print, paper and publishing. Heading straight into a regional newsroom, after graduating with a BA (Hons) degree in Journalism, Sophie started by working for Reach PLC. Now, with five years experience in journalism and many more in content marketing, Sophie works as a freelance writer and marketer. Her areas of specialty span a wide range, including technology, business,…

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