Channel Intelligence, an angecy that specializes in helping clients preform well in Google's shopping/product listings, has been bought by Google.
They reportedly have a proprietary piece of software that helps clients manage and optimize their product listings. This software must be really good or protected by a patent if Google is willing to buy them out. Rumors suggest that Google forked over around $125 million in cash for the company with around half of that going to CI's majority shareholder ICG Group.
From CI's blog:
For over ten years, we have focused on making it easy for consumers to find and buy products online and help our clients grow their business. We've worked with Google for years, and look forward to the great things we will be able to do together.