Benzinga's Weekend M&A Chatter - Enact Holdings (NASDAQ:ACT), eBay (NASDAQ:EBAY)

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday September 12 through Sunday September 14, 2014:

Google Rumored to be Taking Up to 40% Stake in EbayThe Rumor

Shares of Ebay, Inc.

EBAY

surged higher Friday, on a note being circulated that Google Inc.

GOOGL

could acquire as much as a 40% stake in Ebay for $68.00 per share.

Sean Udall of Quantum Trading Strategies, told Benzinga that PayPal most likely accounts for vast majority of Ebay's market cap

, and that the company has made a mistake in waiting this long to basically spin out PayPal as a separate company. Udall said Microsoft Corporation

MSFT

, in addition to Google, may also be interested in acquiring eBay. A spokesperson for Ebay said the company has had no discussions with Google regarding a stake. A Google spokesperson declined comment on the rumor. Ebay shares traded as high as $53.07 Friday and closed at $52.19, a gain of 3% on more than three times average volume.

Pfizer May Have Interest in Acquiring Actavis

The Rumor

Shares of Actavis

ACT

moved higher Friday, on a note being circulated that the company could be a takeover target of Pfizer

PFE

. Actavis has itself been on a buying spree in the past year, with the $25 billion acquisition of Forest Labs, $5 billion deal for Warner Chilcott and $1.1 billion takeover of Furiex Pharmaceuticals. Spokespersons for Pfizer and Actavis were not available for comment. Actavis traded as high as $239.15 on Friday and closed at $234.28, a gain of $1.64.

Ericsson to Acquire Fabrix from IDT for $95M The Deal:
IDT Corporation IDT announced Friday that it has agreed to sell its interests in Fabrix Systems to Ericsson ERIC for $95 million. The deal is expected to close in October 2014. IDT closed Friday at $16.45, a gain of 5%.

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