Google's $30B HubSpot Acquisition Aims to Challenge Microsoft in Cloud Market
6 months ago
Google parent Alphabet is advancing in its bid to acquire the $30 billion marketing software company HubSpot, its largest-ever acquisition, aiming to compete with Microsoft in the cloud applications market. Google, the third-largest cloud services provider, lags behind Microsoft and Amazon. Reports of the acquisition boosted HubSpot shares by 11%. While Google is still behind in the cloud market, it is more competitive with Microsoft in AI. Talks are ongoing with no deal reached yet.