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Credit Suisse buys Google's Clearwire shares

03/09, 4:30pm

Google sells 29.4m shares to Credit Suisse

Google has sold its stake in Clearwire to international financial services group Credit Suisse, the Wall Street Journal revealed this week, citing unnamed sources. Each of the 29.4 million shares sold for $2.26 for a total of $66.5 million. While this represents an enormous loss compared to the $500 million Google paid in 2008, it's still better than the $1.60 per share Google was asking late last month.

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