Datadog shares are trading lower following a report suggesting that the company is considering buying GitLab.
Portfolio Pulse from Benzinga Newsdesk
Datadog shares are trading lower following a report suggesting that the company is considering buying GitLab.
July 17, 2024 | 11:31 am
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Datadog shares are trading lower due to reports of a potential acquisition of GitLab. Investors may be concerned about the financial implications of such a deal.
The news of a potential acquisition often leads to a decline in the acquirer's stock price due to concerns over the financial burden and integration risks. Investors may be cautious about the impact on Datadog's balance sheet and future earnings.
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