Google Parent Reportedly Speaking To Advisors About HubSpot Acquisition
Apr 04, 2024 - mediapost.com
Alphabet, Google's parent company, is reportedly in talks with Morgan Stanley about a potential acquisition of HubSpot, a software company valued at $32 billion. The discussions are said to revolve around a potential offer price and the possibility of clearance from antitrust regulators. However, no offer has been made yet. HubSpot, a platform that integrates customer relationship management data with Google Ads, received a $32 million investment from Google Ventures, Sequoia Capital, and Salesforce.com in a Series D funding round in 2011.
In 2018, HubSpot expanded its partnership with Google by adopting Google Cloud to support its international cloud infrastructure. This move allowed HubSpot to invest more in its Google Cloud product integrations and accelerate the growth of its Free CRM. The company has recently started using artificial intelligence and a chatbot to support clients. Despite generating $2.2 billion in revenue in 2023, HubSpot posted a net loss of $176.3 million.
Key takeaways:
Alphabet, Google's parent company, is in talks with Morgan Stanley about a potential offer for software company HubSpot.
HubSpot, valued at $32 billion, is a platform that allows marketers to integrate CRM data with Google Ads.
Google Ventures, along with Sequoia Capital and Salesforce.com, invested $32 million in HubSpot in a Series D funding round in 2011.
HubSpot generated $2.2 billion in revenue in 2023, but posted a net loss of $176.3 million.
