Google's Parent Company Alphabet Considers Offer for HubSpot
HubSpot is an online marketer of software products with a market valuation of $33.3 billion.
Google's parent company Alphabet Inc. is currently deliberating with its advisers on a potential move to purchase HubSpot, an online marketer of software products with a market valuation of $33.3 billion.
HubSpot, which was listed on the stock market in 2014, provides marketing software to companies that typically have up to 2,000 employees. It generated $2.17 billion in revenue in 2023, up 25% compared to 2022, and posted a net loss of $176.3 million. Despite this loss, investors are still excited about the company's prospects.
Alphabet reportedly met with Morgan Stanley investment bankers to discuss if it should commit to an offer and whether antitrust regulators would clear such a tie-up. While the company is still yet to make an offer, there is a possibility that it may not follow through with it.
