{"id":31310,"date":"2013-02-07T09:12:05","date_gmt":"2013-02-07T07:12:05","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=31310"},"modified":"2013-02-07T09:15:54","modified_gmt":"2013-02-07T07:15:54","slug":"google-buys-marketing-services-unit","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/internet\/31310\/google-buys-marketing-services-unit\/","title":{"rendered":"Google buys marketing services unit"},"content":{"rendered":"<p>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.<\/p>\n<p>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.<\/p>\n<p>ICG said it will get $60.5 million for its stake in Channel Intelligence.<\/p>\n<p>The transaction is expected to be completed in the first quarter of 2013.<\/p>\n<p>ICG shares, which closed at $12.04 on Tuesday on the Nasdaq, were up 3 percent at $12.41 in premarket trading on Wednesday morning.<\/p>\n<h3 class=\"my-4\">Read more Google news<\/h3>\n<p><a title=\"Google critics cast doubt over FTC\" href=\"http:\/\/businesstech.co.za\/news\/internet\/28048\/google-critics-cast-doubt-over-ftc\/\"><strong>Google critics cast doubt over FTC<\/strong><\/a><\/p>\n<p><a title=\"BusinessTech Article\" href=\"http:\/\/businesstech.co.za\/news\/internet\/24488\/is-google-running-out-of-steam\/\"><strong>Is Google running out of steam?<\/strong><\/a><\/p>\n<p><a title=\"BusinessTech Article\" href=\"http:\/\/businesstech.co.za\/news\/internet\/24371\/google-has-4-months-to-change-privacy-policy\/\"><strong>Google has 4 months to change privacy policy<\/strong><\/a><\/p>\n<p><a title=\"BusinessTech Article\" href=\"http:\/\/businesstech.co.za\/news\/mobile\/24037\/google-vs-apple-a-defining-fight\/\"><strong>Google vs Apple a \u201cdefining fight\u201d<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":7,"featured_media":24491,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9882],"tags":[185,25,5138,53],"class_list":["post-31310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internet","tag-acquisition","tag-active","tag-channel-intelligence","tag-google"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/31310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=31310"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/31310\/revisions"}],"predecessor-version":[{"id":31322,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/31310\/revisions\/31322"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/24491"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=31310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=31310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=31310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}