Benzinga's M&A Chatter for Tuesday July 01, 2014
The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday July 1, 2014:
Google Acquires Songza, No Terms Disclosed
Terms of the deal were not disclosed.
Google shares closed Tuesday at $582.67, a gain of more than 1%.
EZchip to Acquire Tilera for Up to $130M in Cash
EZchip Semiconductor (NASDAQ: EZCH) announced Tuesday, that it has agreed to acquire privately-held Tilera Corporation, for up to $130 million in cash; with $50 million payable at closing and up to $80 million in additional payments, based on attainment of certain future performance milestones. The deal is expected to close in Q3 of 2014.
EZchip closed Tuesday at $26.43, a gain of 2.5%.
Gaming Partners International Acquires GemGroup for $19.75M
Gaming Partners International (NASDAQ: GPIC) announced Tuesday, that it has completed the acquisition of substantially all of the assets of gaming product company GemGroup, for $19.75 million.
Gaming Partners International closed Tuesday at $8.11, a los of $0.03.
Report Goldman May be Looking at Schwab, E*TRADE Acquisitions
Shares of E*TRADE Financial (NASDAQ: ETFC) and Charles Schwab (NASDAQ: SCHW) popped Tuesday, following a tweet from Fox Business News' Charlie Gasparino, that Goldman Sachs (NYSE: GS) may have an interest in acquiring one of the discount brokers.
E*TRADE Financial closed Tuesday at $21.66, a gain of almost 2%, while Schwab gained 1.5%, to close at $27.32.
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