Benzinga's M&A Chatter for Wednesday October 16, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday October 16, 2013: Rumor Baidu in Talks to Acquire Ku6 Media, Renren Unit The Rumor:
According to Marbridge Daily, Baidu BIDU is rumored to be in talks to acquire Ku6 Media KUTV and Renren's RENN video-sharing site, 56.com. Ku6 shares are up 100% since the beginning of October. A spokespersons for Baidu declined comment on the rumors. Baidu closed Wednesday at $150.20, a loss of $1.30. Jos A Bank Wants 'Friendly' Deal with Men's Wearhouse The Chairman Comment:
Shares of Men's Wearhouse MW moved higher late Wednesday, following a comment from Jos. A Bank JOSB Chairman Robert Wildrick that could mean a hostile takeover bid is possible. Wildrick said: “We want this to happen on a friendly basis, but at this point we have not ruled anything out.” Men's Wearhouse rejected at $48.00 per share bid from Jos. A Bank on October 9. Men's Wearhouse shares closed up 2% Wednesday, at $46.24. America Movil Withdraws Bid for KPN The Withdrawn Offer:
Carlos Slim's America Movil AMX announced Wednesday it would not pursue an increased stake in Dutch telecom company KPN KKPNY, although it did receive authorization from the Dutch regulator. AMX said also it was not certain about its plans for its existing stake in KPN. América Movil had launched a $9.7 billion tender offer in August for the 70% of KPN that it didn't already own. A KPN independent foundation used a protective measure to gain control of almost 50% of KPN's stock, effectively blocking the AMX bid. America Movil closed at $21.75 Wednesday, a gain of 4%.