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Given its plans to sell its stake in Clearwire (CLWR -6.2%) for a mere $1.60/share, Google...

Feb. 24, 2012 10:22 AM ETSprint Corporation (S) StockGOOG, CMCSA, INTC, CHTR, SBy: Eric Jhonsa, SA News Editor2 Comments
Given its plans to sell its stake in Clearwire (CLWR -6.2%) for a mere $1.60/share, Google (NASDAQ:GOOG) stands to lose $453M on its original $500M investment. Continuing to hold stakes are Intel (NASDAQ:INTC), Comcast (NASDAQ:CMCSA), and Time Warner Cable (TWC); the latter two could be motivated to sell on account of their recent deals with Verizon; each said in December it would stop selling Clearwire's 4G broadband service.

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