Benzinga's M&A Chatter for Thursday April 26, 2012

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday April 26, 2012:

:

Jazz Pharmaceuticals

and EUSA Pharma announced Thursday that the companies have signed a definitive agreement under which Jazz Pharmaceuticals has agreed to acquire EUSA Pharma, a privately-held, specialty pharmaceutical company with headquarters in the United States and United Kingdom, for $650 million in cash and a potential $50 million milestone payable in cash based upon its lead product, Erwinaze, achieving a specified U.S. net sales target in 2013. The transaction is expected to be immediately accretive to Jazz Pharmaceuticals' adjusted earnings per share upon closing in 2012 and in 2013 is expected to provide additional revenue of $210 to $230 million, additional adjusted EBITDA of $75 to $85 million, and an additional $0.75 to $0.85 in adjusted earnings per share. Jazz Pharmaceuticals closed at $45.10 Thursday, but traded over $51.00 or 13% higher, after-hours.

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South Korean online game company Nexon is rumored to be buying Electronic Arts

, according to sources and reported by

early this morning. Benzinga attempted to contact spokespersons for Nexon and Electronic Arts, but neither company would respond to the rumor. Electronic Arts closed at $15.93 Thursday, a gain of 6.13% on 1.75 times the average daily volume.

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The FTC has prepared a draft consent order that would enable Hertz Global Holdings

to proceed with a bid for Dollar Thrifty Automotive Group

, according to sources. A spokesperson for the FTC would not confirm the order and told Benzinga the agency could not respond during an investigation. Representatives for Hertz and Dollar Thrifty would not repsond to requests for comments. Dollar Thrifty closed at $81.41 Thursday, a gain of 0.38% on twice the average daily volume. Hertz closed at $15.36 Thursday, a gain of 2.74% on twice the average daily volume.

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Providence Equity Partners is said to be selling its 10% stake in online streaming video service Hulu, owned jointly with Disney

, News Corp

and Comcast

. The sale price is being reported by

to be $200 million. That would give Hulu a $2 billion valuation. Providence had paid $100 million for its stake in 2007. The Hulu ownership has been seeking a buyer unsuccessfully at $4 billion. A spokesperson for Hulu would not comment on the report. A Providence spokesperson was not available for comment.