Alphabet reportedly abandons plan to acquire HubSpot, causing HubSpot's shares to fall 19%.
Google parent Alphabet has reportedly abandoned plans to acquire HubSpot, a customer relationship management firm. Shares in HubSpot fell 19%, dropping the company's market value to approximately $25bn. Alphabet's interest in acquiring HubSpot never reached the stage of detailed discussions, with sources stating that the two parties did not progress past initial conversations.
July 10, 2024
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