Time Warner Cable Inc(NYSE:TWC) has disclosed plans to sell its entire 7.8% stake in Clearwire Corp. (CLWR). The company said in a regulatory filing last week that it has informed other major Clearwire investors of its decision. The company acquired 46.40 million shares of Clearwire for $550 million in 2008, but the shares are worth only more than $72 million at current prices.
How Should Investors React To TWC Now? Find Out - goo.gl/HeAzI