Google-Backed Software Maker GitLab Eyes Sale, Reuters Says
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GitLab Inc., a US software developer backed by Google parent Alphabet Inc., is exploring a sale after attracting interest from potential bidders, Reuters reported.
The San Francisco-headquartered company, which has a market value of about $8 billion, is working with investment bankers on the sale and has drawn interest from peers including Datadog, a cloud monitoring firm, Reuters reported, citing people familiar with the matter who it didn’t identify. Neither GitLab or Datadog responded to Reuters’ requests for comment.