Deals
Google Agrees to Acquire Channel Intelligence for $125 Million
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Google Inc., operator of the world’s largest search engine, has agreed to buy Channel Intelligence Inc. for $125 million, adding online marketing tools that retailers use to bolster Internet sales.
The transaction is expected to close in the first quarter, according to a statement from Radnor, Pennsylvania-based ICG Group Inc., which jointly owns Channel Intelligence with Aweida Capital Management. Channel Intelligence helps retailers refine online sales pitches and promote goods on Facebook Inc.’s social network.