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
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
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.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.