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: US newspaper industry revenue fell 2.6 pct in 2013

add to favorites email to friend print save as pdf

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

US venture investments highest since 2001 (Update)

18 hours ago

Funding for U.S. startup companies soared 57 percent in the first quarter to a level not seen since 2001, as venture capitalists piled more money into a growing number of deals, according to a report due out Friday.

Weibo IPO below expectations, raises $285.6 mn

Apr 17, 2014

Sina Weibo sold fewer shares than expected in its US IPO which was priced below expectations ahead of a Thursday listing that takes place after tech selloffs on Wall Street.

User comments : 0

More news stories

LinkedIn membership hits 300 million

The career-focused social network LinkedIn announced Friday it has 300 million members, with more than half the total outside the United States.

Researchers uncover likely creator of Bitcoin

The primary author of the celebrated Bitcoin paper, and therefore probable creator of Bitcoin, is most likely Nick Szabo, a blogger and former George Washington University law professor, according to students ...

Impact glass stores biodata for millions of years

(Phys.org) —Bits of plant life encapsulated in molten glass by asteroid and comet impacts millions of years ago give geologists information about climate and life forms on the ancient Earth. Scientists ...