Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Google Acquisitions: Google Set to Purchase Marketing Services Company

Google Acquisitions: Sometimes it is difficult to understand why a particular company is acquiring another. This may be the case with Google Inc (NASDAQ:GOOG)’s most recent purchase.

It is being reported by Reuters that the search engine giant is going to purchase a portion of ICG Group Inc., more specifically its marketing services unit known as Channel Intelligence Inc.

Google Inc (NASDAQ:GOOG)With a deal expected to be closed with $125 million in cash, it is safe to say that Google Inc (NASDAQ:GOOG) has a reason for the acquisition.

While it is hard to say exactly what Google plans to do with its new acquisition, it appears that Channel Intelligence Inc’s services align nicely with those of the search engine leader.

Here is what the Reuters article added:

“Channel Intelligence helps retailers, manufacturers and other advertisers make their products and services easier for consumers to find and buy online and in local stores.”

The acquisition is not complete yet, but the same article goes on to explain that the deal is set to be finalized sometime during the first quarter of 2013.

If you want to learn more about this deal from the ICG Group Inc. side of the tracks, here is some information for you:

“ICG said it will get $60.5 million for its stake in Channel Intelligence.”

“ICG shares, which closed at $12.04 on Tuesday on the Nasdaq, were up 3 percent at $12.41 in premarket trading on Wednesday morning.”

Here is what Doug Alexander, CEO of CI and President of ICG had to say in a blog post on the company’s website:

“Building upon the perseverance and strong foundation laid by CI’s founder Rob Wight, I am extremely proud of the work we accomplished at CI. With the talent and hard work of the entire CI team, we successfully navigated a very complex marketplace, ending a record year that culminated in this very exciting acquisition.”

What are your thoughts on this acquisition by Google Inc (NASDAQ:GOOG)?

Check back here for more updates on Google Acquisitions.

DISCLOSURE: I have no positions in any stock mentioned.

For more Google related news stories, visit the following links:

Could Google+ Face Competition from This Spinoff?

Google is Falling Behind in Online Video Ad Game

Google Considering Fees for YouTube?