Alphabet
$GOOGL (+1,19%) has announced the planned acquisition of Hubspot
$HUBS, (+0,84%) 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 (+0,37%), Oracle $ORCL (+1,43%) and Salesforce
$CRM (+0,35%) but encountered concerns about possible antitrust investigations.
The current company value Hubspot is valued at 25 billion dollars.