Google is done with Clearwire intends to sell off shares for a huge loss

More bad news for the struggling WiMAX wireless network Clearwire.

Google is preparing to sell off its entire stake in the company, according to SEC documents filed by the search giant today. Google originally purchased a 6.5 percent stake in Clearwire back in 2008 for a cool $500 million.

Source:
http://venturebeat.com/2012/02/24/google-selling-clearwire-stake/