Search engine giant Google Inc has conformed that it intends to sell its 6.5% stake in US WiMAX operator Clearwire for just USD1.60 per share, US press reports have revealed. Google is said to have broken the news on Friday, in a regulatory filing to that effect. The total stake sale will be worth around USD47 million, a 94% loss on Google’s original USD500 million investment made in 2008
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OVETEL Google to sell Clearwire minority stake at a 94% loss
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