Market Overview

Benzinga's M&A Chatter for Friday May 17, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday May 17, 2013:

Rumor Baidu to Acquire Sogou for $2.5B

The Rumor:
Baidu (NASDAQ: BIDU) is rumored to be acquiring Sohu's (NASDAQ: SOHU) Sogu, according to Marbridge. Last week WantChinaTimes reported Sohu was selling Sogou to Qihoo 360 Technology (NYSE: QIHU) for $1.4 billion.

A spokesperson for Baidu declined comment on the rumor. A Sohu spokesperson was not available for comment.

Baidu closed at $94.72 Friday, a gain of 2%, while Sohu added almost 3%, closing at $63.00.

Hearing Renewed Chatter of IBM Bid for Fusion-io

The Rumor:
Shares of Fusion-io (NYSE: FIO) rallied early Friday on renewed unconfirmed chatter of a possible takeover bid by IBM (NYSE: IBM). EMC (NYSE: EMC) has also been previously mentioned as a potential suitor.

Spokespersons for Fusion-IO and IBM were not available for comment.

Fusion-io closed at $14.79 Friday, a loss of $0.04 on higher than average volume.

Posted-In: News Rumors M&A After-Hours Center Movers Tech

 

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