Tech

AT&T's Big Buy: Morning Tech Bytes

Stock quotes in this article:T, GOOG, IBM, SNE 

NEW YORK (TheStreet) -- AT&T(T) jumped 5.7% in pre-market trading Monday to $29.53 after announcing Sunday it would purchase T-Mobile USA from Germany's Deutsche Telecom(DT) for $39 billion.

If completed, the transaction would create the largest U.S. wireless carrier. AT&T and T-Mobile USA are currently No. 2 and No. 4, respectively, based on subscribers.

IBM(IBM) rose 0.9% to $157.25 after it settled a bribery charge with the Securities and Exchange Commission. Regulators had accused Big Blue of bribing Chinese and South Korean government officials in exchange for contracts.

Sony(SNE) increased 2.7% to $32.40 in pre-market trading Monday, after it said it would partially reopen a lithium ion battery factory in Tochigi. Six of the firm's Japanese plants are still closed following the massive earthquake which hit the country.

Google(GOOG) ranked first among young professionals in a survey that asked them to name their ideal employer, according to consulting firm Universum. Apple(AAPL) ranked second, followed by Walt Disney(DIS).

Shares of Google rose 1.3% in pre-market trading to $568.60.

Facebook made one of its largest acquisitions yet, buying Israeli app developer Snaptu for $70 million over the weekend. The acquisition is Facebook's first outside the U.S., and the fourth made this year.

--Written by Olivia Oran in New York.

>To follow the writer on Twitter, go to http://twitter.com/Ozoran.

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