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in Tech

HubSpot shares plunge 11% on report that Alphabet is shelving interest in acquiring software company

by Editor July 10, 2024, 7:50 pm 1.8k Views

HubSpot shares plunge 11% on report that Alphabet is shelving interest in acquiring software company

HubSpot CEO Yamini Rangan speaks at the company’s Inbound conference in Boston on Sept. 6, 2023.

Chance Yeh | HubSpot | Getty Images

HubSpot shares plunged 11% on Wednesday after a report said Alphabet isn’t going forward with plans to buy the software company.

According to Bloomberg, Alphabet was in talks with HubSpot earlier this year, “but the sides didn’t reach a point of detailed discussions about due diligence,” the report said, citing…

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