HUBS - The HubSpot Buyout Looks Dead: Is the Stock a Buy?
2024-07-13 04:15:00 ET
Rumors emerged a few months ago that tech giant Alphabet was considering an acquisition of inbound marketing software provider HubSpot (NYSE: HUBS) . HubSpot sports a massive customer base that skews toward small and medium-sized businesses, a potential gold mine for Alphabet as it looks to expand its cloud computing business.
Alphabet now appears to have walked away from the bargaining table. A report from Reuters on Wednesday indicated that Alphabet had decided to drop a potential bid weeks ago, and that talks never even reached the due diligence stage. Unsurprisingly, HubSpot stock has been tumbling as investors digest the news.
Is this dip a buying opportunity?
For further details see:
The HubSpot Buyout Looks Dead: Is the Stock a Buy?