Amazon Internally Pitched $38B Deal To Buy HubSpot: Report

In August, the team in charge of Amazon.com Inc AMZN Amazon Web Services marketing software, Pinpoint, recommended acquiring HubSpot Inc HUBS in a $38 billion deal, Business Insider reports.
The AWS business application team struggled to grow despite multiple product launches.
The main AWS infrastructure business is getting commoditized, and peers are catching up.
HubSpot provides cloud-based marketing, sales, and customer service software platform referred to as the growth platform.
Price Action: HUBS shares traded higher by 0.98% at $810.62 on the last check Friday.