Juicy 700MHz Auction Developments: Google Punked Out? [700mhz Auction]
While the hot and heavy 700MHz a(u)ction is anonymously taking place behind closed doors, we do know a couple of big things have happened. That potential winning bid from Thursday was punked down by a surprise total bid of $4.74 billion. This is juicy because it indicates Google has probably been outbid—assuming it was the party that pushed the bid past the $4.6 billion open access reserve, as it had promised—most likely by Verizon, using some slightly complicated rule…
