Market Overview

Benzinga's Weekend M&A Chatter


The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday February 19, 2016 through Sunday February 21, 2016:

Report Says Sale of FL Mobile Could Make NQ Mobile Potential 'Go Private' Candidate

The Rumor:
Shares of NQ Mobile (NYSE: NQ) rose Friday, on a report from GeoInvesting indicating NQ Mobile could be a going private target following its sale of FL Mobile. NQ Mobile announced last August an agreement to sell FL Mobile to a subsidiary of Tsinghua Holdings for no less than $626 million.

Bison Capital had offered $9.80 per share to acquire NQ Mobile in July 2014. That offer was rejected. Bison Capital is said to have ended its bid for NQ in August 2015.

NQ Mobile closed at $3.78 on Friday, up 6.18%.

Yandex to Acquire Moscow HQ

The Deal:
Russian search provider Yandex (NASDAQ: YNDX) announced Friday, that it has agreed to acquire the office complex in central Moscow that houses its Russian headquarters. Terms were not disclosed.

Yandex shares fell 3.13% on Friday, to close at $12.67.

Micronet Enertec Technologies to Acquire Telematics Business Of Novatel Wireless for $24M

The Deal:
Micronet Enertec Technologies, Inc. (NASDAQ: MICT) announced Friday, that it has acquire the Telematics business of Novatel Wireless, Inc. (NASDAQ: MIFI) for $24 milion. The deal is expected to close by the end of Q1 quarter of 2016.

Micronet closed at $2.23 on Friday, up 12.06%.

Posted-In: M&A News Rumors Movers


Related Articles (MICT + MIFI)

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Earnings Scheduled For February 22, 2016

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