Feb 6 ICG Group Inc, which buys and
builds Internet software and services firms, said Google Inc
would acquire its partly owned marketing services unit,
Channel Intelligence Inc, for $125 million in cash.
Channel Intelligence helps retailers, manufacturers and
other advertisers make their products and services easier for
consumers to find and buy online and in local stores.
ICG said it will get $60.5 million for its stake in Channel
The transaction is expected to be completed in the first
quarter of 2013.
ICG shares, which closed at $12.04 on Tuesday on the Nasdaq,
were up 3 percent at $12.41 in premarket trading on Wednesday