Google Acquires E-Commerce Partner Channel Intelligence for $125M

Google has agreed to acquire Orlando, Fla.-based Channel Intelligence from ICG Group for $125 million in cash. Channel Intelligence helps merchants maximize sales from ads purchased on Google Shopping, which made the controversial move last year to charge for listings instead of providing them for free. This is the second recent acquisition by Google Shopping; in November, it bought delivery service BufferBox.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald