Source: rafapress / Shutterstock.com HubSpot (NYSE:HUBS) stock closed down more than 12% today on reports that Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) will not go through with a plan to buy the software company. Despite talks of an acquisition earlier in the year, “the sides didn’t reach a point of detailed discussions about due diligence,” according to anonymous sources familiar with the matter. HubSpot is best known for developing software for small and medium-sized businesses for use in both marketing and customer acquisition. Experts speculated that the purchase of HubSpot would help Alphabet grow its business software revenue, in addition to revenue from its cloud unit. That s
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