Telecoms outfit Sprint (NYSE:S) shares rose over 5% in pre-market and stayed higher as it emerged it is in exclusive talks with Charter Communications and Comcast about wireless services. Shares were later up 2.56% to $8.22.
Comcast shares lagged 1.49% in pre-market deals and later fell 0.81%.
It has reportedly meant the talks Sprint has been having about a merger with T-Mobile on ice, according to various news sources.
Elsewhere, shares in FactSet Research Systems Inc (NASDAQ: FDS) fell marginally yesterday to close at $166.09 on Monday and today added 0.26% to $166.53 after it postes a small earnings beat in its quarterlies.
Darden Restaurants, Inc (NYSE:DRI) shares rose over 2% higher in pre-market ahead of anticipated fiscal fourth-quarter earnings. and then rose over 3% to $92.79 as its fourth quarter numbers beat expecations.
Wall Street eyes are all on music streaming group Pandora Media Inc (NYSE:P) as the stock was excluded from pre-market trading amid murmurs of takeover talk.
Pandora co-founder and chief executive Tim Westergreen confirmed today he will step-down, and earlier this month Liberty Media’s satellite radio unit SiriusXM got out its cheque book to fund the steamer to the tune of US$480mln.
Investors eagerly anticipate further reports or guidance from the company. Pandora shares were down 1.18% to $8.36 on the day.