Tax Cloud
Apple CEO makes no apology for company's tax strategy
Tim Cook made no apology on Tuesday for the iPad maker saving billions of dollars in U.S. taxes through Irish subsidiaries and told lawmakers that his company backs corporate tax reform, even though it may end up paying more. Full Article
REUTERS SHOWCASE
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
Google to buy marketing services company for $125 million
The Google signage is seen at the company's headquarters in New York January 8, 2013.
Credit: Reuters/Andrew Kelly
REUTERS - ICG Group Inc(ICGE.O), which buys and builds Internet software and services firms, said Google Inc(GOOG.O) would acquire its partly owned marketing services unit, Channel Intelligence Inc, for $125 million in cash.
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.
ICG said it will get $60.5 million for its stake in Channel Intelligence.
The transaction is expected to be completed in the first quarter of 2013.
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.
(Reporting by Sayantani Ghosh in Bangalore; Editing by Sreejiraj Eluvangal)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters