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February 24, 2012 06:54 pm GMT
As Google inches closer to completing its Motorola Mobility acquisition, it made another strategic move in its mobile plans: today it announced it would sell its 6.5 percent stake in 4G operator Clearwire, for a value of $1.60 per share, or $47 million.The sum represents a substantial discount on the share price of Clearwire, currently trading at $2.27.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/5HOJO11otPE/
So Much For That: Google To Offload Its Stake In Clearwire For $47M
As Google inches closer to completing its Motorola Mobility acquisition, it made another strategic move in its mobile plans: today it announced it would sell its 6.5 percent stake in 4G operator Clearwire, for a value of $1.60 per share, or $47 million.The sum represents a substantial discount on the share price of Clearwire, currently trading at $2.27.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/5HOJO11otPE/
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