09:17 AM EDT, 05/13/2024 (MT Newswires) -- Technology stocks were advancing pre-bell Monday, with the Technology Select Sector SPDR Fund ( XLK ) and SPDR S&P Semiconductor ETF ( XSD ) both 0.8% higher.

Squarespace ( SQSP ) stock was up over 13% after the company said it signed a roughly $6.90 billion all-cash deal to be taken private by private equity firm Permira.

Tencent Music Entertainment Group ( TME ) shares were over 1% higher after the company reported Q1 earnings of 1.09 renminbi ($0.15) per diluted American depositary share, up from 0.89 renminbi a year earlier.

Apple ( AAPL ) is nearing a deal with Microsoft ( MSFT ) -backed OpenAI for the use of certain ChatGPT features in iOS 18, the next iPhone operating system, Bloomberg News reported Saturday, citing unnamed sources familiar with the matter. Apple ( AAPL ) stock was up over 1% in recent Monday premarket activity.