Credit Suisse acquires Google's stake in Clearwire, report says

A source told Bloomberg that the buyer Google announced earlier this week in a regulatory file was actually Credit Suisse.

Google has sold off its stake in Clearwire to Credit Suisse, according to a new report.

Citing an unidentified source, Bloomberg is reporting that Google sold 29.4 million Clearwire shares to Credit Suisse for $2.26 each. Bloomberg says Google announced that it had sold the shares in an SEC filing, but did not say which company had acquired them.

Google announced plans to sell its Clearwire stake last month . Google initially said that it would sell its shares for $1.60 apiece, but it was able to unload them at around the company's current stock price, which is $2.21.

Google did not immediately respond to CNET's request for comment on the Bloomberg report.

About the author

Don Reisinger is a technology columnist who has covered everything from HDTVs to computers to Flowbee Haircut Systems. Besides his work with CNET, Don's work has been featured in a variety of other publications including PC World and a host of Ziff-Davis publications.

 

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