According to reports from Reuters, Alphabet, the parent company of Google, has been in talks with Morgan Stanley bank to prepare a proposal to acquire the business of HubSpot, a CRM software and online marketing company.
Currently, HubSpot is listed on the New York stock market with a market value of approximately $34 billion (which has increased since this news came out).
Reports indicate that Alphabet has tasked Morgan Stanley with evaluating two key issues: the value at which the company should offer to purchase the business, and the potential regulatory hurdles that may interfere with this deal. It is worth noting that Google itself is currently facing legal challenges from regulatory agencies in the United States.
Source: Reuters
TLDR: Alphabet, the parent company of Google, is considering acquiring the business of HubSpot with the assistance of Morgan Stanley, as reported by Reuters.
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