Google Sells Clearwire Stake

smallergoogle1 150x150 Google Sells Clearwire StakeGoogle recently announced that it will sell its 6.5 percentstake  in Clearwire, which amounts to $47 million, reports TechCrunch.

At $1.06 per share, the sum is a substantial reduction in the share price of Clearwire, which is currently $2.27. Google originally paid $500 for the stake back in 2008.

Clearwire offers a 4G WiMAX wireless broadband service in several large U.S. markets.

Google is also in the process of completing its acquisition of Motorola Mobility.

To read the full article, visit http://techcrunch.com/2012/02/24/so-much-for-that-google-to-offload-its-stake-in-clearwire-for-47m/

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About Veronica Brown

I am currently the Marketing Communications Intern for the Council of Better Business Bureaus in Arlington, VA. Originally from Seattle, I am currently a student in Washington, D.C. studying International Affairs. In my spare time, I enjoy volunteering around the city, exploring the East Coast and keeping up with politics.