Google aims to sell stake in Clearwire

Google aims to sell stake in Clearwire

Google plans to dump $500 million stake in Clearwire for $47 million.

According to a regulatory filing, Mountain View-based Google (NASDAQ: GOOG) “plans to sell the 29,411,765 shares of Common Stock of Clearwire it holds.” It will sell to Intel Capital  (NASDAQ: INTC), Middlefield Ventures and others.

“Google periodically rebalances its investments based on its goals and its evaluation of market conditions,” the filing said.

Read more at San Francisco Business Times.