Alphabet
$GOOGL (+1,14 %) has announced the planned acquisition of Hubspot
$HUBS, (+0 %) a provider of marketing software. Hubspot achieved a turnover of 2.2 billion dollars and a loss of 176 million dollars last year.
The takeover was intended to help Alphabet compete with Microsoft $MSFT (+0,17 %), Oracle $ORCL (+0,47 %) and Salesforce
$CRM (-0,27 %) but encountered concerns about possible antitrust investigations.
The current company value Hubspot is valued at 25 billion dollars.