Google Acquires Channel Intelligence For $125 Million In All Cash Deal, Expects To Be Completed In The Q1 2013

Posted on Feb 7 2013 - 12:53pm by Editorial Staff
Google

Google

Google has acquired an ICG Group one of consolidated companies, Channel Intelligence for $125 million in cash. The companies have signed a definitive agreement and the transaction 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.

“The sale of CI to Google is a testament to the quality of its technology and its strong team led by ICG President, Doug Alexander, who positioned the company to succeed in the rapidly growing e-marketing industry,” said Walter Buckley, CEO of ICG.  “As drivers and architects of CI’s growth and success, we are very pleased with this outcome.”

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Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.