Rumors emerged a few months ago that tech giant was considering an acquisition of inbound marketing software provider HubSpot (NYSE: HUBS). HubSpot sports a massive customer base that skews toward small and medium-sized businesses, a potential gold mine for Alphabet as it looks to expand its cloud computing business.

Alphabet now appears to have walked away from the bargaining table. A report from Reuters on Wednesday indicated that Alphabet had decided to drop a potential bid weeks ago, and that talks never even reached the due diligence stage. Unsurprisingly, HubSpot stock has been tumbling as investors digest the news.

Is this dip a buying opportunity?

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Source Fool.com