Benzinga's M&A Chatter for Thursday July 16, 2015

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday July 16, 2015: Hearing Unconfirmed Market Chatter of Bid for GameStop Shares Spike to High from Best Buy The Rumor:
Shares of GameStop Corp. GME spiked higher Thursday, on unconfirmed market chatter that Best Buy BBY was prepared to make an offer to acquire the video game retailer. The rumored offer was $57.25 per share, or $6 billion. Spokespersons for the companies did not respond to requests for comment. GameStop shares rose 1.74% Thursday, closing at $47.23. Microsoft acquires FieldOne The Deal:
Microsoft Corporation MSFT announced in a blog post Thursday it is acquiring field service management solutions provider FieldOne Systems LLC. Terms of the deal were not disclosed. Microsoft shares rose 2% Thursday, closing at $46.66. YY Announces Formation of Special Committee to Reviewing Preliminary Non-Binding 'Go Private' Bid The Special Committee:
YY Inc. YY announced Thursday, that in response to the previously announced preliminary non-binding $68.50 per ADS going private proposal contained in a letter dated July 9, 2015, the Board has formed a special committee of independent and disinterested directors to review and evaluate the Proposal. YY shares rose 1.5% Thursday, closing at $58.53. TECO Energy Responds to Market Rumors The Rumor:
TECO Energy, Inc. TE confirmed Thursday, that it is exploring strategic alternatives and has retained Morgan Stanley & Co to assist in the process. SparkSpread had reported that TECO was considering putting itself up for sale. TECO shares rose more than 15% Thursday, closing at $21.48.