Market Overview

Benzinga's M&A Chatter for Tuesday October 15, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday October 15, 2013:

Report Cerberus to Consider Bid for All of BlackBerry

The Rumor:
Shares of BlackBerry (NASDAQ: BBRY) spiked higher Tuesday afternoon on a report from Bloomberg that private equity firm Cerberus Capital Management signed an NDA with the Canadian handset maker to obtain the company's financial records. According to sources, Cerberus is considering purchasing the entire company.

BlackBerry announced the signing of a letter of intent with Fairfax Capital on September 23, under which Fairfax would acquire BlackBerry for $9.00 per share.

Spokespersons for BlackBerry and Cerberus were not available for comment.

BlackBerry closed Tuesday at $8.15, a gain of $0.01.

Yandex Acquires KinoPoisk

The Deal:
Yandex (NASDAQ: YNDX) announced Tuesday it had acquired Russian-language entertainment site, KinoPoisk. Terms of the deal were not disclosed.

Yandex closed at $38.59 Tuesday, a gain of $0.23.

TripAdvisor Acquires Oyster.com

The Deal:
TripAdvisor (NASDAQ: TRIP) announced Tuesday it has acquired hotel review site Oyster.com. Terms of the deal were not disclosed.

TripAdvisor closed at $73.87 Tuesday, a loss of 1.5%.

Posted-In: News Rumors M&A Global Movers Tech

 

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