GitLab Stock Jumps on Reports of Possible Sale
GTLBGitlab (GTLB) Investopedia·2024-07-17 22:51

Key TakeawaysGitLab, a developer platform company backed by Alphabet's Google, is reportedly considering a sale. Its shares rose Wednesday following reports of a possible deal. Datadog, a cloud-scale monitoring company, is among those interested in buying GitLab, Reuters reported.Alphabet is a GitLab investor, holding a 22% voting stake in the company. GitLab (GTLB) shares surged Wednesday after reports that the developer platform, backed by Alphabet's (GOOGL) Google, is exploring the opportunity for an acq ...