Benzinga's M&A Chatter for Thursday February 5, 2015


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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday February 5, 2015Rumor of Comcast Bid for Netflix

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The Rumor:
Shares of Netflix (NASDAQ: NFLX) rose Thursday on unconfirmed market chatter of an offer from Comcast Corporation (NASDAQ: CMCSA) of $560 per share. Netflix shares rose about $5.00 on the rumor, before settling back.Spokespersons for Netflix and Comcast were not available for comment.Netflix shares lost Thursday, closing at $446.80Intuit Acquires PorticorThe Deal:
Intuit Inc. (NASDAQ: INTU) has acquired cloud-based security company Porticor, as reported on the Porticor website. Lazarus Israel Opportunities Fund was a major investor in Porticor.Intuit shares gained 1% Thursday, closing at $91.64CTPartners Gets $7.00/Share Bid from DHR

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The Rumor:
Shares of CTPartners (NASDAQ: CKSW) spiked higher Thursday, on a report from the New York Post, that DHR International sent the CTPartners Board a letter on February 4 with a $7.00 per share cash offer. DHR Chairman David Hoffman, told the Post that CTPartners CEO Brian Sullivan, originally rejected a verbal offer made during a telephone conversation. A CTPartners spokesperson was not available for comment.CTPartners shares gained more than 11% Thursday, closing at $6.17.E2open to Be Acquired By Insight Venture Partners for $8.60/Share in CashThe Deal:
E2open, Inc. (NASDAQ: EOPN) announced Thursday, that Insight Venture Partners will acquire E2open for $8.60 per share or approximately $273 million. An affiliate of Insight will commence a tender offer for all the outstanding shares of E2open common stock for $8.60 per share in cash. The deal was firs rumored in a report by the Wall Street Journal in January.The deal is expected to close before the end of Q1 of FY 2016.E2open shares gained almost 40% Thursday, closing at $8.54.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


Posted In: NewsRumorsM&AMovers