Market Overview

Benzinga's M&A Chatter for Thursday May 9, 2013

Benzinga's M&A Chatter for Thursday May 9, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday May 9, 2013:

Microsoft May Buy Nook Media Assets for $1B

The Rumor:
Shares of Barnes & Noble (NYSE: BKS) surged higher Thursday on a report from TechCrunch that Microsoft (NASDAQ: MSFT) could pay $1 billion for the digital assets of Nook Media. Nook Media was a partnership between Barnes & Noble and Microsoft involving software, content, and devices using the Nook Digitial brand, plus BKS' college business.

Deal Reporter said the deal was questionable and also reported that a deal for founder and Chairman Leonard Riggio to acquire the company's retail business was on hold.

Spokespersons for the two parties declined comment on the rumor.

Barnes & Noble closed at $22.08 Thursday, a gain of 24% on 10 times average volume.

Facebook May Acquire Waze for $1B

The Rumor:
Facebook (NASDAQ: FB) may acquire GPS startup Waze for $1 billion, according to Israel's Calcalist. The publication reported the two sides are in advanced negotiations.

Facebook closed at $27.04 Thursday, a loss of $0.08 on average volume.

Dish Founder Says Company Intent on Buying Sprint

The Comments:
Dish Network (NASDAQ: DISH) founder and Chairman Charlie Ergen said Thursday on a conference call that he wants to buy wireless carrier Sprint (NYSE: S). Ergen said that while he would consider other options, including selling the entire company, his "preference is Sprint". Dish had offered $25.5 billion for Sprint on April 15.

Softbank (OTC: SFTBY) had agreed to acquire 70% of Sprint for $20.1 billion.

Sprint closed at $7.35 Thursday, a gain of $0.03 on 1.5 times average volume.

Posted-In: News Rumors Management Global After-Hours Center Movers Tech


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