Benzinga's M&A Chatter for Wednesday October 16, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday October 16, 2013:

Rumor Baidu in Talks to Acquire Ku6 Media, Renren UnitThe Rumor

According to

Marbridge Daily

, Baidu

BIDU

is rumored to be in talks to acquire Ku6 Media

KUTV

and Renren's

RENN

video-sharing site, 56.com. Ku6 shares are up 100% since the beginning of October. A spokespersons for Baidu declined comment on the rumors. Baidu closed Wednesday at $150.20, a loss of $1.30.

Jos A Bank Wants 'Friendly' Deal with Men's WearhouseThe Chairman Comment

Shares of Men's Wearhouse

moved higher late Wednesday, following a comment from Jos. A Bank

JOSB

Chairman Robert Wildrick that could mean a hostile takeover bid is possible. Wildrick said: “We want this to happen on a friendly basis, but at this point we have not ruled anything out.” Men's Wearhouse rejected at $48.00 per share bid from Jos. A Bank on October 9. Men's Wearhouse shares closed up 2% Wednesday, at $46.24.

America Movil Withdraws Bid for KPNThe Withdrawn Offer

Carlos Slim's America Movil

AMX

announced Wednesday it would not pursue an increased stake in Dutch telecom company KPN

KKPNY

, although it did receive authorization from the Dutch regulator. AMX said also it was not certain about its plans for its existing stake in KPN. América Movil had launched a $9.7 billion tender offer in August for the 70% of KPN that it didn't already own. A KPN independent foundation used a protective measure to gain control of almost 50% of KPN's stock, effectively blocking the AMX bid. America Movil closed at $21.75 Wednesday, a gain of 4%.