Google buys online retail tracker for $125 mn

Feb 06, 2013
Google said it is buying online retail tracker Channel Intelligence for $125 million, as the Internet giant expands its retail footprint.

Google said Wednesday it is buying online retail tracker Channel Intelligence for $125 million, as the Internet giant expands its retail footprint.

signed an agreement with ICG Group to acquire its Channel Intelligence unit in a deal expected to be completed in the first quarter of 2013, Google and ICG said.

"For over 10 years, we have focused on making it easy for consumers to find and buy products online and help our clients grow their business," said a blog post from the group.

"We've worked with Google for years, and look forward to the great things we will be able to do together."

Rob Wight, founder and chairman of Channel Intelligence, said: "Our vision for CI started with the desire to simplify the online ... I am very proud to see our vision executed to this great outcome."

The move marks Google's latest effort to expand its retail capacities. In November, Google said it was buying Canadian start-up BufferBox, which manages self-service parcel lockers to help consumers avoid missed .

Explore further: Struggling BlackBerry announces new round of layoffs

Related Stories

Google locks up deal for parcel firm

Nov 30, 2012

Google has agreed to acquire Canadian start-up BufferBox, which manages self-service parcel lockers to help consumers avoid missed deliveries, the companies said Friday.

Google buys marketing firm to boost discount moves

Nov 28, 2012

Google has agreed to buy the marketing firm Incentive Targeting in a move that gives the tech giant more tools to work with retailers on discounts and other promotions, the two firms said Wednesday.

Google mulling online retail move: report

Dec 02, 2011

Internet powerhouse Google is in talks with major retailers about an online shopping service that would deliver purchases to buyers within 24 hours, The Wall Street Journal reported Thursday.

Microsoft slams Google on 'proper' YouTube app

Jan 02, 2013

Microsoft stepped up its criticism of Google on antitrust grounds Wednesday, claiming the Internet giant refuses to allow Windows Phone users "proper access" to the YouTube video service.

Google paid $151M for Zagat in flurry of 3Q deals

Oct 27, 2011

Google spent more than $500 million to acquire another 27 companies during the third quarter, ensuring this year will be busiest shopping spree in the Internet search leader's history.

Recommended for you

Uber drivers fined in Hungary

15 hours ago

The Hungarian tax authority fined Uber drivers in its first probe against the ride-sharing service which the economy ministry said Saturday "ignores passenger safety" and must be made to follow regulations.

Domino's taking orders via tweet

May 22, 2015

Domino's on Wednesday launched perhaps the easiest way to satisfy a pizza craving this side of mind reading: order by tweet.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.