Benzinga's M&A Chatter for Tuesday October 28, 2014

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday October 28, 2014: SoftBank Takes $627M Stake in India Shopping Site Snapdeal The Deal:
Japan's SoftBank Corp SFTBY reported Tuesday that it would pay $627 million for a stake in online Indian retailer Snapdeal, according to Reuters. SoftBank did not disclose the percentage it will receive in Snapdeal, in exchange for its investment. Softbank CEO Masayoshi Son said Tuesday, his company is seeking to invest approximately $10 billion in India over the next 10 years. Softbank recently announced a minority stake in Hollywood movie studio Legendary Entertainment for $250 million. Hearing Unconfirmed Market Chatter of Goodyear Tire LBO in $32-$34 Range The Rumor:
Shares of The Goodyear Tire & Rubber Company GT rose Tuesday, on unconfirmed market chatter of a potential leveraged buyout in the range of $32.00 to $34.00 per share. A spokesperson for Goodyear was not available for comment. Goodyear Tire closed Tuesday at $21.91, a gain of more than 6%. Engility Holdings to Acquire TASC for ~$1.1B The Deal:
Engility Holdings, Inc. EGL and professional services provider to the national security and public safety markets, TASC, Inc. announced Tuesday, that Engility will acquire privately-held TASC, in an all-stock transaction valued at approximately $1.1 billion, including the assumption of net debt. The deal was approved by the Boards of Directors of both companies and is expected to close in Q1 of 2015. Engility Holdings shares gained almost 4% Tuesday, to close at $37.62, and gained another 4% after-hours.