Benzinga's M&A Chatter for Wednesday February 17, 2016

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday February 17, 2016:

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Comcast Corp.'s

Fandango has reached an agreement to acquire Flixster and Rotten Tomatoes from Time Warner Inc.'s

Warner Bros. Fandango will remain part of Comcast's Universal Filmed Entertainment Group, while Warner Bros. will receive a minorty stake. Time Warner closed at $39.64 on Wednesday, up 47.53%.

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Jumei International Holding Limited

announced Wednesday, that its board of directors has received a non-binding proposal letter from Founder, Chairman, and CEO Leo Ou Chen, Co-founder Yusen Dai, and the Sequoia funds, proposing a "going-private" transaction to acquire all of the outstanding ordinary shares of Jumei not already owned by the buyers for $7.00 in cash per ADS. Jumei's Board says no decisions have been made with respect to the company's response to the proposal. Jumei closed at $6.32 on Wednesday, up 8.22%.

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Ingram Micro Inc.

and Tianjin Tianhai Investment Company, Ltd. announced Wednesday, that Tianjin Tianhai will acquire Ingram Micro for $38.90 per share in cash, for a deal ith an equity value of approximately $6.0 billion. Upon close of the merger, Ingram Micro will become a part of HNA Group, the largest shareholder of Tianjin Tianhai. Ingram Micro closed at $29.65 on Wednesday, and traded as high as $38 after-hours.