GitLab Explores Sale

GitLab, a U.S. provider of cloud-based software development tools whose investors include Google parent Alphabet, is exploring a sale after attracting acquisition interest, Reuters is reporting. From the report: GitLab, which has a market value of about $8 billion, is working with investment bankers on a sale process that has attracted interest from peers, including cloud monitoring firm Datadog, the sources said. Any deal is still weeks away and no agreement is certain, the sources said, requesting anonymity because the matter is confidential.

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