HubSpot shares jump on talks of potential Google deal

HubSpot shares surged on Tuesday after reports emerged that Alphabet is considering an all-stock offer for the software company. The potential deal had been first mentioned in early April, with subsequent reports indicating progress in the talks. If the deal goes through, it would be Alphabet’s largest acquisition yet, surpassing its $12.5 billion purchase of Motorola Mobility in 2011. HubSpot’s products in marketing and customer relationship management would complement Google’s offerings and potentially boost its cloud revenue. Alphabet and HubSpot have not yet commented on the reports.