Virgin Media (VMED) is trending as telecommunications billionaire John Malone's Liberty Global (LBTYA - Get Report) has agreed to acquire the cable-television and Internet provider for $16 billion in cash and stock. The deal equates to $47.87 a share of Virgin Media, a slight premium to the stock's closing price of $45.61 on Tuesday. The companies said they expect annual cost savings of about $180 million once the deal is complete and the companies are fully integrated. Liberty plans to repurchase $3.5 billion in shares over two years upon the deal's completion as well. The deal will make the combined company a bigger rival of Rupert Murdoch's British Sky Broadcasting Group in the U.K. Virgin Media is Britain's second-biggest pay-TV company.
Nasdaq OMX Group is another popular search. The exchange group is reportedly in settlement talks with the Securities and Exchange Commission over its mishandling of Facebook's (FB - Get Report)'s initial public offering last May. According to The Wall Street Journal, Nasdaq may pay about $5 million to resolve the SEC's eight-months investigation. The Journal said brokers and investors lost an estimated $500 million due to Nasdaq's technological mistakes. Nasdaq is said to be in other talks with customers about potential reimbursement for their losses during the IPO. But, as the newspaper mentioned, securities laws and Nasdaq's rules help cap the exchange group's expenses from the errors.
The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move. -- Written by Brittany Umar.