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Alphabet walks away from pursuit of Hubspot: Bloomberg

Investing.com -- Alphabet has walked away from its pursuit of HubSpot, Bloomberg reported Wednesday, citing unnamed sources.  

HubSpot Inc (NYSE:HUBS) fell 12% in recent trading.

Earlier this year, Alphabet (NASDAQ:GOOGL) expressed its interest in a deal to acquire the relationship management company, but the two sides didn't progress to talks around due diligence, the unnamed sources told Bloomberg. 

The move to shelve plans comes in the wake of rising scrutiny on deals from U.S. antitrust regulators.

Alphabet didn’t immediately reply to Bloomberg's request for comment, while a HubSpot spokesperson declined to comment. 

 

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.