HubSpot (HUBS) shares tumbled after reports that Google parent Alphabet (GOOGL) is no longer pursuing an acquisition of the customer relationship management (CRM) company.
HubSpot (NYSE: HUBS ) stock closed down more than 12% today on reports that Alphabet (NASDAQ: GOOG , NASDAQ: GOOGL ) will not go through with a plan to buy the software company. Despite talks of an acquisition earlier in the year, “the sides didn't reach a point of detailed discussions about due diligence,” according to anonymous sources familiar with the matter.
Google parent Alphabet Inc (NASDAQ:GOOG) has abandoned its attempt to acquire HubSpot Inc, a move that would have marked one of the largest tech takeovers of the year, Bloomberg reported. HubSpot's shares dropped by as much as 19% on Wednesday, bringing the company's market value to around $25 billion.
Shares in HubSpot tumbled as Alphabet ended acquisition talks. Google stock hit a new all-time high in intraday trading.
HubSpot Inc (NYSE: HUBS) lost more than 15% on Wednesday following a report that Alphabet Inc (NASDAQ: GOOGL) is no longer interested in buying the software firm. A potential takeover would have been one of the largest in 2024.
Alphabet has reportedly shelved its interest in acquiring HubSpot months after the companies were reportedly in talks.
Software firm HubSpot is investigating a cybersecurity incident, TechCrunch reported on Friday citing a company spokesperson.
Marketing and sales software giant HubSpot said on Friday that it's investigating a cybersecurity incident.
Some investors look at the latest innovations to outperform the stock market. That's why many investors are rushing toward artificial intelligence stocks.
HubSpot (HUBS) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
HubSpot (HUBS) reported earnings 30 days ago. What's next for the stock?
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