GitLab (GTLB) is currently exploring the possibility of being acquired, Milana Vinn and Anirban Sen of Reuters reported. The company, which has a market value of approximately $8B, has attracted interest from potential buyers, including Datadog (DDOG). No sale has been confirmed yet. Notably, Alphabet (GOOG) has a 22.2% voting stake in GitLab. ():(https://www.reuters.com/markets/deals/google-backed-software-developer-gitlab-explores-sale-sources-say-2024-07-17/)
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GTLB:
- ‘The Best of Both Worlds’: Canaccord Sees an Opportunity Brewing in These 2 ‘Strong Buy’ Software Stocks
- Gitlab call volume above normal and directionally bullish
- GitLab up 11% after board adopts amendments to severance plan
- GitLab achieves FedRAMP ‘In Process’ designation
- GitLab Survey Reveals Tension Around AI, Security, and Developer Productivity within Organizations
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue