Benzinga's M&A Chatter for Tuesday July 10, 2012

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday July 10, 2012: Oracle Acquires Involver The Deal:
Oracle ORCL announced Tuesday that it has entered into an agreement to acquire Involver, a leading provider of SML, a social media development platform that enables developers to create highly customized marketing applications for social media sites and web campaigns. The transaction is expected to close in the summer of 2012. Until the transaction closes, Oracle and Involver will continue to operate independently and it is business as usual. Oracle closed at $29.05 Tuesday, a loss of 0.17% on lower than average volume. Comcast Sells Its A&E Stake to Disney, Hearst for $3.03B The Deal:
Comcast CMCSA announced Tuesday that it will sell its 15.8% stake in A&E, to Walt Disney DIS and Hearst for $3.03 billion in cash. A&E channels include the A&E, History Channel, Lifetime and Biography. Comcast closed at $31.35 Tuesday, a gain of 0.26% on average volume. SMSC Stockholders Approve Merger with Microchip The Merger:
Standard Microsystems SMSC announced Tuesday that its stockholders have voted to approve the acquisition of SMSC by Microchip Technology MCHP. Under terms of the acquisition agreement, dated May 1, 2012, Microchip will acquire SMSC in an all-cash transaction and SMSC stockholders will receive $37.00 per share in cash for each share of common stock they hold. As a result of the acquisition, SMSC will become a wholly owned subsidiary of Microchip and SMSC common stock will cease to be listed on the NASDAQ Global Select Market. The acquisition is expected to be completed in the third quarter of calendar 2012, subject to antitrust clearance in China and other customary closing conditions. Standard Microsystems closed at $36.81 Tuesday, a loss of 0.03% on average volume.