Benzinga's M&A Chatter for Wednesday March 26, 2014

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday March 26, 2014: Reports of 20% Stake in Youku by Tencent The Rumor:
Shares of Youku Tudou YOKU moved higher in the premarket Wednesday on a rumor that Tencent TCEHY was planning to take a 20% stake in Youku, according to a source reported in Chinese media. Youku said they were contacted by the NYSE regarding the unusual activity in the shares and stated "its policy is not to comment on market rumors or otherwise speculate on unusual market activity". A Tencent spokesperson was not available for comment. Youku Tudou shares closed Wednesday at $28.67, a gain of 3%. Dish Chairman Approaches DirecTV for Potential Deal The Rumor:
Shares of both Dish Network DISH and DirecTV DTV surged sharply higher Wednesday on a report from Bloomberg that Dish Chairman Charlie Ergen approached DirecTV CEO Michael White regarding a potential merger. The contact was apparently made in response to the recent deal between Comcast CMCSA and Time Warner Cable TWC. The FCC blocked a porposed merger of the two satellite TV services in 2002. Spokespersons for Dish Network and DirecTV declined comment on the report. Dish Network closed Wednesday at $62.09, a gain of 6%, while DirecTV gained just under 6%, closing at $77.34. SAP to Acquire Fieldglass The Deal:
SAP SAP announced Wednesday plans to acquire contingent labor technology provider, Fieldglass. The deal is expected to close in Q2 of 2014. Financial terms were not disclosed. SAP shares closed Wednesday at $79.33, a gain of $0.63.