Much has been written about Google’s recent M&A leak (HubSpot and Wiz) so I wanted to share why this isn’t unique. 

Leak with HubSpot is not unusual for tech horizontal acquisitions such as the rumored Salesforce / Twitter or PayPal / Pinterest deals. It’s a way for the company (and its bankers) to test investor reception. 

Re: Wiz leak, would not be surprised if VC investors leaked it. It’s a huge return in a short period of time (only 4y since founding). Not clear that the leak came from Google.