NEW YORK ( TheStreet) -- AT&T ( T) fell 0.36% in pre-market trading Wednesday, after losing its exclusive deal to sell the iPhone. Verizon ( VZ) announced that the iPhone 4 would be coming to its network on Feb. 10. The phone will start at $199.99 for the 16GB version with a new two year customer agreement.

Analysts expect sales of the Verizon phone to top 9 million by the end of the year.

Intel ( INTC) rose 0.67% in pre-market trading Wednesday, as the company agreed to pay graphics card developer Nvidia ( NVDA) $1.5 billion over five years to settle patent-related litigation. Intel posts fourth-quarter earnings Thursday after the bell.

Shares of Nvidia rose 0.8% to $20.47.

Comverse Technology ( CMVT) is exploring selling its subsidiary Verint Systems, according to the Wall Street Journal. The unit could fetch as much as $2 billion, the report said.

Groupon announced Tuesday that it was expanding overseas to India, Israel and South Africa by acquiring online discount sites in those countries. The daily deals site announced earlier this week that it has raised $950 million for global expansion.

Formspring, a social networking start-up, has raised $11.5 million in its first round of funding from investors including Redpoint Ventures and Baseline Ventures. The site lets people ask personal questions and has other users answer them. Founded in 2009, the site boasts over 20 million user accounts.

--Written by Olivia Oran in New York.

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

>To submit a news tip, send an email to: tips@thestreet.com.

If you liked this article you might like

Goldman Bankers (Mostly) Upbeat on Tech M&A and IPO Trends

Goldman Bankers (Mostly) Upbeat on Tech M&A and IPO Trends

Cramer: 10 Stock Surprises

Cramer: 10 Stock Surprises

AT&T Divestitures Could Lower Time Warner Leverage

AT&T Divestitures Could Lower Time Warner Leverage

Closing Bell: LIVE MARKETS BLOG

Closing Bell: LIVE MARKETS BLOG

3 Tech Stocks That Look Cheap Following the Stock Market Mayhem

3 Tech Stocks That Look Cheap Following the Stock Market Mayhem