Alphabet

Biden

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 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
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<p class="has-drop-cap">Alphabet Inc. (NASDAQ: GOOG), Google’s parent company, is <a aria-label="rumored (opens in a new tab)" href="https://finance.yahoo.com/news/exclusive-google-parent-alphabet-weighs-134439629.html" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">rumored</a> to be exploring the possibility of acquiring HubSpot (NYSE: HUBS), a leading online marketing software company with a current valuation of $32 billion.</p> 
<h3 id="alphabet-inc-could-make-an-offer-to-buy-hubspot">Alphabet Inc. Could Make an Offer to Buy Hubspot</h3> 
<p>According to reports citing sources close to the matter, Alphabet has consulted with its advisers, including Morgan Stanley investment bankers, to discuss the potential offer amount and navigate the regulatory landscape.</p> 
<p>If it materializes, the acquisition would be a significant move for Alphabet, as <a href="https://tokenist.com/the-best-opportunities-for-2024-likely-in-stocks-outside-the-mag-7/" rel="dofollow" class="deco-link">major technology firms</a> have been hesitant to pursue large-scale deals due to increased regulatory scrutiny under the Biden administration. However, Alphabet’s interest in HubSpot aligns with its strategy to deploy its substantial cash reserves, which stood at $110.9 billion at the end of December.</p> 
<p>As of the reporting, no formal offer has been submitted to HubSpot, and there is no guarantee that Alphabet will proceed with the acquisition. </p> 
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<h3 id="no-official-confirmation-but-news-propels-hubstop-stock-up-9-hits-52-week-high">No Official Confirmation, But News Propels Hubstop Stock Up 9%, Hits 52-Week High</h3> 
<p>Rumors about the potential acquisition have notably impacted HubSpot’s stock price. On the day the news broke, HubSpot’s stock increased 9.06%, opening at $630.00 and reaching a 52-week high of $693.85.</p> 
<p>The <a href="https://tokenist.com/investing/stock-volume/" rel="dofollow" class="deco-link">trading volume</a> also surged to 636,953 shares, significantly higher than the average volume of 430,508. With a market capitalization of $34.364 billion and a <a href="https://tokenist.com/investing/what-is-beta-in-stocks/" class="deco-link">beta</a> of 1.59, HubSpot’s stock has demonstrated higher volatility compared to the broader market.</p> 
<p>The company is scheduled to announce its earnings between May 01, 2024, and May 06, 2024.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><strong><em>Do you think Alphabet will acquire Hubspot? Let us know in the comments below.</em></strong></p> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/hubspot-shares-hit-new-52-week-high-amid-alphabet-acquisition-rumors/">HubSpot Shares Hit New 52-Week High Amid Alphabet Acquisition Rumors</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

HubSpot Shares Hit New 52-Week High Amid Alphabet Acquisition Rumors

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