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Google (NASDAQ:GOOG): Current price $767.20
ICG Group (NASDAQ:ICGE) reports that one of its consolidated subsidiaries, Channel Intelligence, has been acquired by Google in a cash transaction of $125 million. The purchase should completed in the first quarter. For its part, ICG anticipates collecting about $60.5 million from the transaction, with a portion of its proceeds to be held in escrow and subject to potential identification claims.
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