HubSpot Shares Rise After Faber Confirms Alphabet Acquisition Talks with CNBC Via Investing.com

HubSpot (NYSE:) shares rose 9% on Tuesday after CNBC’s David Faber claimed that reports this morning that Alphabet (NASDAQ:) is in talks to buy the marketing software company are “true “.

According to Faber, the offer would involve the purchase of all shares.

“There have been a lot of reports about HubSpot talking to Google,” Faber said. “My understanding is that the all-stock Alphabet deal is to acquire HubSpot.”

The news comes after Bloomberg reported earlier this month that Google was progressing in talks to acquire HubSpot.

Talks are ongoing and no final agreement has been reached yet.