Benzinga's M&A Chatter for Wednesday July 10, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday July 10, 2013:

Report Tencent May Take Stake in Ctrip.comThe Rumor

Shares of Ctrip.com

CTRP

surged higher in the pre-market on Wednesday on a report from

Sohu.com

that Tencent

TCEHY

might take up to a 51% stake in the China travel service company. A spokesperson for Ctrip denied company is in talks with Tencent. A Tenecent spokesperson declined comment on the rumor. Ctrip.com closed at $33.85 Wednesday, a gain of 6.5% on twice average volume.

Report Emulex Attracting BuyersThe Rumor

Shares of Emulex

ELX

rose Wednesday on a

Deal Reporter

story that the company is attracting numerous bidders. Emulex reportedly hired Goldman Sachs to explore a sale, according to sources. An Emulex spokesperson was not available for comment. Emulex closed at $8.27 Wednesday, a gain of 5% on 3.5 times average volume.

Globes Reporting Conduit in Talks to Buy Perion for $250MThe Rumor

Conduit is reportedly in talks to acquire Perion Network

PERI

for $250M, according to Israel's

Globes

. Perion Network declined comment on the report. Perion Network closed at $12.94 Wednesday, a gain of almost 7% on 6 times average volume.

Market News and Data brought to you by Benzinga APIs