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