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Google To Sell Stake In Clearwire Corp.

2:46 pm on Feb 24, 2012 (gmt 0)

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Google To Sell Stake In Clearwire Corp. [theverge.com]
Google has filed documents with the SEC today in preparation for the sale of its entire stake in the troubled Clearwire Corporation. Having spent $500 million to acquire a 6.5 percent share back in 2008, Google is now cutting its losses and looking to sell up for approximately $47 million.