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Google Parent Alphabet Eyes Acquisition HubSpot: Bloomberg – Alphabet (NASDAQ:GOOGL), HubSpot (NYSE:HUBS)


20-year-old professional trader reveals his ‘MoneyLine’

Ditch the indicators and use “MoneyLine”. A simple line will tell you when to buy and sell, without the guesswork. This is the line on the chart that helped Nic Chahine win 83% of his option purchases. Here’s how he does it.


Alfabet sp (NASDAQ:GOOGL), Google’s parent company, is in advanced talks to acquire the marketing software provider HubSpot Inc. (NYSE:HUBS), Bloomberg reports.

Although discussions are ongoing, no final agreement has been reached. There is still the possibility of another interested buyer entering the picture, indicating a level of uncertainty surrounding a potential takeover,

Bloomberg said both Alphabet and HubSpot refrained from commenting on the matter.

Over the past year, HubSpot’s stock has risen about 32%, bringing the company’s market capitalization to $30 billion.

The stock saw a significant gain, rising as much as 6% during pre-opening trading on Thursday.

HubSpot aims to keep customer-facing teams seamlessly connected across its platform, which includes AI-powered engagement hubs, intelligent CRM, and a connected ecosystem with over 1,500 App Marketplace integrations.

The company reported Q1 FY24 revenue of $617.4 million, up 23% from Q1 FY23. Subscription revenue, which accounts for a large portion, grew 23% to $603.8 million dollars.

The company expects full-year 2024 revenue of $2.55 billion to $2.56 billion. As of March 31, HubSpot had $447.79 million in cash and equivalents.

Alphabet’s acquisition of HubSpot would represent a significant move, potentially enabling Alphabet to increase its competitiveness in the customer relationship management (CRM) sector, particularly targeted at smaller companies.

According to Bloomberg, the move could help Alphabet better compete with major CRM players such as Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL) and Salesforce Inc (NYSE:CRM).

This perspective underscores Alphabet’s strategic intent to strengthen its market presence and diversify its service offerings.

Alphabet shares have gained more than 57% over the last 12 months. Investors can gain exposure to stocks through Communication Services Select sector SPDR Fund (NYSE:XLC) i Vanguard communications services ETF (NYSE: VOX).

Reduction: HUBS stock is trading higher by 7.11% at $632. during the last inspection on Thursday.

Reservation: This content was created in part using AI tools and reviewed and published by Benzinga editors.

Read on: Google DeepMind is developing the latest artificial intelligence model to help scientists fight diseases


20-year-old professional trader reveals his ‘MoneyLine’

Ditch the indicators and use “MoneyLine”. A simple line will tell you when to buy and sell, without the guesswork. This is the line on the chart that helped Nic Chahine win 83% of his option purchases. Here’s how he does it.


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