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ICG Group Inc's Channel Intelligence, Inc. Announces To Be Acquired By Google Inc


Wednesday, 6 Feb 2013 08:25am EST 

ICG Group Inc announced that one of its consolidated companies, Channel Intelligence, Inc. (CI), has entered into a definitive agreement to be acquired by Google Inc for $125 million in cash. The transaction, which is subject to customary closing conditions, is expected to be completed in the first quarter of 2013. ICG is expected to realize approximately $60.5 million in connection with the transaction. A portion of ICG's proceeds will be held in escrow and will be subject to potential identification claims. ICG does not expect to owe any income taxes in connection with the transaction. 

Company Quote

579.18
8.08 +1.41%
11 Jul 2014