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Friday, February 24, 2012

Google to sell Clearwire stake at 94 percent loss

Google Inc. on Friday said it will sell its stake in Clearwire Corp., the struggling operator of a wireless data network. The search company is taking a 94 percent loss on the originally $500 million investment made in 2008.

Source: http://www.newsvine.com/_news/2012/02/24/10500932-google-to-sell-clearwire-stake-at-94-percent-loss

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