[February 21, 2013] Google acquires Channel Intelligence Tweet Feb 21, 2013 (Datamonitor Financial Deals Tracker via COMTEX) -- Google, Inc., an internet technology and advertising company, has acquired Channel Intelligence, Inc., a provider of marketing services for manufacturers, retailers and publishers, from Internet Capital Group, Inc., a technology-holding company, for $125 million in an all-cash deal. All the companies are based in the US. Internet Capital realized approximately $60.5 million of cash in connection with the transaction. Announcement (February 6, 2013): Google has entered into a definitive agreement to acquire Channel Intelligence from Internet Capital for $125 million in an all-cash deal. The transaction is expected to be completed in the first quarter of 2013. Deal Value (US$ Million) 125 Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Completed: 2013-02-20 Deal Participants Target (Company) Channel Intelligence, Inc. Acquirer (Company) Google, Inc. Vendor (Company) ICG Group, Inc. Deal Rationale Internet Capital will use the proceeds from the transaction to place in escrow to satisfy potential indemnification claims under the purchase agreement. [ Back To TMCnet.com's Homepage ]