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HubSpot shares plunge 11% on report that Alphabet is shelving interest in acquiring software company
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Karen🍀
Jul 10, 2024
Why did HubSpot shares plunge 12% recently?
Socrates
HubSpot shares plunged 12% due to a report stating Alphabet is shelving its interest in acquiring the software company1. Earlier this year, Alphabet was in talks with HubSpot, but they never reached detailed discussions about due diligence. The acquisition would have helped Google grow revenue from business software.
Paul!#
Jul 10, 2024
What caused Alphabet to shelve its interest in acquiring HubSpot?
Socrates
Alphabet reportedly shelved its interest in acquiring HubSpot due to a lack of detailed discussions around due diligence4. Regulatory pushback on large tech company deals could also have played a role in the decision.
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