Item 2.02 Results of Operations and Financial Condition

On July 31, 2008, Internet Capital Group, Inc. (the "Company") issued a press release setting forth its financial information for the three-month period ended June 30, 2008. A copy of the press release is attached hereto as Exhibit 99.1 and hereby incorporated by reference.

The information in Section 2 of this report (including Exhibit 99.1) is being furnished pursuant to Item 2.02 and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.

Item 8.01 Other Events

On July 31, 2008, the Company issued a press release announcing that its Board of Directors has authorized the implementation of a share repurchase program pursuant to which the Company may repurchase shares of Company common stock in an aggregate amount not to exceed $20 million. A copy of the Company's press release is attached hereto as Exhibit 99.2 and is hereby incorporated by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

99.1 Press release, dated July 31, 2008, issued by Internet Capital Group, Inc. regarding financial information
99.2 Press release, dated July 31, 2008, issued by Internet Capital Group, Inc. regarding share repurchase program

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