Earlier today, Reuters reported that Google parent Alphabet is considering a move for online marketing software company Hubspot.
Meeting with Morgan Stanley in recent days to weigh a potential offer, an acquisition of Hubspot (with its $33 billion valuation) would be the largest in Alphabet's history by a wide margin.
As it stands, Alphabet's largest purchase came in 2011 when it bought Motorola for $12.5 billion, followed by cybersecurity firm Mandiant in 2022 for $5.4 billion.
Alphabet currently has $110.9 billion in cash on hand, making a deal very realistic. Though no formal offer has been made, analysts suggest a move for Hubspot could be worth up to $40 billion, per Barron's.
Hubspot shares rose as much as 11% on the day, closing up 5%. The company generated $2.2 billion in revenue, with a net loss of $176.3 million in 2023. Despite the loss, shares have still climbed 60% over the last 12 months.
📸 : Getty
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