Google To Drop $125M On E-Commerce Co. Buy

Law360, New York (February 6, 2013, 8:09 PM EST) -- Google Inc. has agreed to pay $125 million in cash for e-commerce company Channel Intelligence Inc., a unit of Pennsylvania-based Internet marketing giant ICG Group Inc., ICG said Wednesday.

ICG will snag some $61 million through the deal, in which the search engine giant will acquire a service used by big-name retailers including Target Corp., Koninklijke Philips Electronics NV and Best Buy Co. Inc. The deal — which ICG said is expected to close in the first quarter — will help boost Google Shopping, Google's own...
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