GitLab Stock Jumps on Reports of Possible Sale
Gitlab (GTLB) Investopedia·2024-07-17 22:51
GitLab, 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. Its shares were up about 10% in early trading. The stock remains in the read for the year so far. Alphabet, through Google Ventures, is an investor in GitLab and holds a ...