03:58 PM EDT, 09/30/2024 (MT Newswires) -- Tech stocks were mixed late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) adding 0.3% and the SPDR S&P Semiconductor ETF (XSD) falling 1.1%.

The Philadelphia Semiconductor index dropped 1.2%.

In corporate news, TTEC ( TTEC ) shares soared 46.5% after the board received an unsolicited proposal from founder and Chief Executive Officer Kenneth Tuchman to take the company private at $6.85 a share.

T-Mobile US ( TMUS ) agreed to make a $15.75 million cybersecurity investment and pay a $15.75 million civil penalty to the US Treasury to settle multiple investigations into data breaches, the Federal Communications Commission said Monday. T-Mobile US ( TMUS ) shares were rising 0.9%.

EchoStar ( SATS ) agreed to sell its video distribution business, which includes Dish TV and Sling TV, to satellite TV provider DirecTV in a debt-exchange deal. EchoStar ( SATS ) shares sank nearly 11%.

Alphabet's (GOOG) Google ( GOOG ) and Samsung have conspired to insulate Google's ( GOOG ) Play Store from competition, Epic Games alleged in a complaint filed Monday in the US District Court for the Northern District of California. Alphabet shares were rising 1%.