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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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work