DETROIT – Ford Motor Co. will sell its stake in the e-commerce holding company Internet Capital Group of Wayne, PA, losing nearly all of the $50 million it invested, published reports say. Ford plans to sell its 462,962 shares in the company, first purchased in December 1999 at $108 a share. As of Monday, Dec. 17, the stock’s share price was $1.22, making Ford’s holdings worth about $564,814. Ford originally purchased the shares to partake in the now-defunct dot-com boom of the 1990s.
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