BUZZ-Australia's Xpon Technologies rises on divesting Google platforms

Alphabet Inc. Class A

Alphabet Inc. Class A

GOOGL

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** Shares of AI marketing technology firm Xpon Technologies XPN.AX rise 33.3% to A$0.012, their highest level since May 13

** Co to divest its Google Marketing Platform (GMP) and Google Cloud Platform (GCP) business to Incubeta Australia pty

** Deal valued at up to A$7.5 million ($5.31 million)

** About 23.3 mln shares change hands, 17.9x the 30-day average of 1.3 mln

** Stock up 9.1% YTD including moves in current session



($1 = 1.4118 Australian dollars)


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