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.

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