TechTaffy

tech:

taffy

Google Offloads Clearwire Stake For $1.47 Million

By TechTaffy Desk

[Techtaffy Newsdesk]

Google says it intends to sell up to 29,411,765 shares of Class A Common Stock of Clearwire at $1.60 per share in a cash transaction, in about a roughly $47 million deal. The search giant had sent out letters earlier this month, outlining its intentions, as per Section 5(a) of the Strategic Investor Agreement, dated November 28, 2008 which Google entered in. A SEC filing for Clearwire lists the letter.

Strategic investors in Clearwire include Intel Capital, Comcast, Sprint, Google, Time Warner Cable, and Bright House Networks.

Just in

Around the web

Apple deletes WhatsApp, Threads from China app store on orders from Beijing — CNN

Apple has removed WhatsApp and Threads from its app store in China, following an order from the country’s internet watchdog, writes Juliana Liu.
Industry

Singtel, Vonage partner to integrate Paragon platform

Singtel has announced a partnership with Vonage, a cloud communications company and subsidiary of Ericsson, to help enterprises and telcos innovate and scale their services through Singtel's orchestration platform, Paragon. 
Industry

Former VMware COO Mike Hayes joins Mirantis board

Mirantis, a company that provides open source software for infrastructure control, has appointed Mike Hayes to its board.
Industry

Boston Dynamics unveils fully-electric Atlas robot

Boston Dynamics is retiring its hydraulic Atlas robot and introducing a fully electric version of its humanoid robots. 
Industry

Tech giants urge EU to prioritize digital competitiveness and infrastructure investment

Five major technology companies - Ericsson, IBM, Intel, Nokia, and Vodafone - called on European policymakers to take urgent action to boost Europe's digital competitiveness and keep it a priority for the incoming European Commission.