Benzinga's M&A Chatter for Thursday July 16, 2015 - Best Buy Co (NYSE:BBY), GameStop (NYSE:GME)

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 BuyThe 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 FieldOneThe Deal

Microsoft Corporation

MSFTannounced 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.

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 RumorsThe Rumor

TECO Energy, Inc.

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.

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