Alphabet discussing the purchase of HubSpot with advisors

Alphabet discussing the purchase of HubSpot with advisors

HubSpot's stock surged on Thursday following a Reuters report claiming that Alphabet is purportedly in discussions with advisors on a possible acquisition bid.

The journal, citing sources familiar with the situation, claimed that Alphabet has been discussing the possibility of making an offer for the $32 billion software company with its advisors.

According to reports, Google's parent firm recently met with Morgan Stanley investment bankers to talk about how much to offer and whether antitrust authorities would approve such a partnership.

HubSpot's stock surged on Thursday following a Reuters report claiming that Alphabet is purportedly in discussions with advisors on a possible acquisition bid.

The journal, citing sources familiar with the situation, claimed that Alphabet has been discussing the possibility of making an offer for the $32 billion software company with its advisors.

According to reports, Google's parent firm recently met with Morgan Stanley investment bankers to talk about how much to offer and whether antitrust authorities would approve such a partnership.

(Sources: investing.com, reuters.com)