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AT&T, Deutsche Telekom stocks rise on takeover

NEW YORK – Investors gave the thumbs up to AT&T’s purchase of Deutsche Telekom’s T-Mobile USA Monday, sending shares in both firms higher. AT&T’s share price was up 1.2 percent at the close, as traders welcomed the prospect of the firm becoming the largest US mobile phone company. In Frankfurt,…

AT&T buying T-mobile for $39 billion

NEW YORK (Reuters) – AT&T Inc said on Sunday it would buy Deutsche Telekom AG’s T-Mobile USA, in a $39 billion cash-and-stock transaction that would create a new industry behemoth by combining two of the four largest U.S. wireless carriers. The purchase price includes a cash payment of $25 billion…