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Google Divests Clearwire Investment

  • CNet, Friday, February 24, 2012 11:31 AM

Google sold off its $47 million stake in Clearwire. Don Reisinger tells us the Mountain View, Calif. tech company informed both Comcast and Sprint of its decision in a letter sent earlier this month. The sum comes from 29.4 million shares at $1.60 per piece, a discount on Clearwire's current stock price of $2.27. He tells us why Google made the choice and what it means to Clearwire.

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