Google's Ups, Downs: Morning Tech Bytes

Google is up in pre-market trading Wednesday despite investor worries over a deal with Groupon.
By Olivia Oran ,

NEW YORK (

TheStreet

) --

Google

(GOOG) - Get Report

is up 1.1% in pre-market trading Wednesday, even as valuation concerns over a possible $6 billion deal with popular daily deals site

Groupon

spooked investors Tuesday and caused

shares to fall more than 4%.

The stock also dropped on news that

European regulators launched an antitrust investigation

into Google's search practices.

Google also announced Wednesday that its

e-books venture

, set to challenge

Amazon

(AMZN) - Get Report

, would debut in the U.S. by the end of this year.

JPMorgan

(JPM) - Get Report

is distributing iPads to its investment bankers, as

Apple

(AAPL) - Get Report

continues to encroach on

Research in Motion's

(RIMM)

dominance in the corporate market.

Employees will be able to keep the iPads until the pilot program ends in May of next year,

Bloomberg News

reported.

Shares of Apple rose 1.0% to $314.43 in pre-market trading.

Motorola

(MOT)

said Tuesday that the separation of its company into two publicly-traded entities will be completed on Jan. 4. The company will change its name to Motorola Solutions and will trade on the NYSE under ticker MSI. The handset division will be named Motorola Mobility Holdings and will trade under MMI.

Shares of Motorola rose 2.4% to $7.84 in pre-market trading.

Venture capital firm Kleiner Perkins is set to invest in

Twitter

at a $4 billion valuation, according to

TechCrunch

. Russian firm Digital Sky Technologies is also reportedly interested in contributing to the company's latest funding round.

--Written by Olivia Oran in New York.

>To follow the writer on Twitter, go to

http://twitter.com/Ozoran

.

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