Google Selling Its Entire Stake in Clearwire | Tech NEWS

Written by Tech NEWS

Topics: General

According to documents filed with the Securities and Exchange Commission, Google is preparing to sell all the stock it has in Clearwire. Google spent 0 million on a 6.5% stake of the corporation back in 2008. Google is offering its shares at .60 (below the market value of .27). Google might recoup million from the sale. Clearwire is majority owned by Sprint and has signaled that it needs more cash to continue its network transition from WiMax to LTE.

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