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<B><FONT SIZE=3><P ALIGN="RIGHT"></P>


<P ALIGN="CENTER">&nbsp;</P>


<P ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION</P>


<P ALIGN="CENTER">Washington, DC 20549</P>


<U><P ALIGN="CENTER">&#9;</P>


</U><P ALIGN="CENTER">FORM 8-K</P>


<P ALIGN="CENTER"><BR>


Current Report Pursuant to Section 13 or 15(d) of <BR>


<BR>


The Securities Exchange Act of 1934</P>


<P ALIGN="CENTER"></P>


<P ALIGN="CENTER">Date of Report (Date of earliest event reported):  January 5, 2006</P>


<U><P ALIGN="CENTER">&#9;</P>


</U><P ALIGN="CENTER">Internet Capital Group, Inc.</P>


<U><P ALIGN="CENTER">&#9;</P>


</B></U><P ALIGN="CENTER">(Exact name of registrant as specified in charter)</P></FONT>


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<B><FONT SIZE=3><P ALIGN="CENTER">Delaware</B></FONT></TD>


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<B><FONT SIZE=3><P ALIGN="CENTER">000-26929</B></FONT></TD>


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<B><FONT SIZE=3><P ALIGN="CENTER">23-2996071</B></FONT></TD>


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<FONT SIZE=3><P ALIGN="CENTER">(State or other</P>


<P ALIGN="CENTER">jurisdiction</P>


<P ALIGN="CENTER">of incorporation)</FONT></TD>


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<FONT SIZE=3><P ALIGN="CENTER">(Commission File Number) </FONT></TD>


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<FONT SIZE=3><P ALIGN="CENTER">(I.R.S. Employer</P>


<P ALIGN="CENTER">Identification No.)</FONT></TD>


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<B><U><FONT SIZE=3><P ALIGN="CENTER">&#9;</P>


</B><P ALIGN="CENTER">690 Lee Road, Suite 310, Wayne, PA  19087</P>


</U><P ALIGN="CENTER">(Address of principal executive offices) &#9;(Zip Code)</P>


<U><P ALIGN="CENTER">(610) 727-6900</P>


</U><P ALIGN="CENTER">(Registrant's telephone number, including area code)</P>


<B><U><P ALIGN="CENTER"></P>


</U><P ALIGN="CENTER">&nbsp;</P>


</B><P>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>





<P>/  / Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>





<P>/  / Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>





<P>/  / Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>





<P>/  / Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>


<B><P ALIGN="CENTER"></P>


<P ALIGN="CENTER">&nbsp;</P>


<P>Item 8.01.     Other Events.</P>


</B>


<P>On January 5, 2006, the Company issued a press release relating to its partner company, GoIndustry, AG, which completed a reverse merger into Grasshopper Investments plc.  The combined company trades on the London Stock Exchange.  A copy of the Company's press release is attached hereto as Exhibit 99.1 and hereby incorporated by reference.</P>





<P ALIGN="JUSTIFY">&#9;</P>


<B><P><A NAME="node2"><A NAME="node3"></A></A>Item 9.01.     Financial Statements and Exhibits.</P>


</B><P>(c.) Exhibits</P></FONT>


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<FONT SIZE=3><P>99.1</FONT></TD>


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<FONT SIZE=3><P>Press Release issued by Internet Capital Group, Inc. on January 5, 2006.</P>


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<FONT SIZE=3><P>&nbsp;</P>


<P>&nbsp;</P>


<P>&nbsp;</P>


<B><P ALIGN="CENTER">SIGNATURE</P>


</B></FONT><FONT SIZE=2><P>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P></FONT>


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<FONT SIZE=2><P ALIGN="CENTER">INTERNET CAPITAL GROUP, INC.</FONT></TD>


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<FONT SIZE=2><P>Date: January 6, 2006</FONT></TD>


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<FONT SIZE=2><P>/s/Suzanne L. Niemeyer</FONT></TD>


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<FONT SIZE=2><P>By:</FONT></TD>


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<FONT SIZE=2><P>Suzanne L. Niemeyer</FONT></TD>


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<FONT SIZE=2><P>Its:</FONT></TD>


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<FONT SIZE=2><P>Managing Director, General Counsel &amp; Secretary</FONT></TD>


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<P ALIGN="CENTER">&nbsp;</P>


<B><P ALIGN="CENTER">EXHIBIT INDEX</P></B></FONT>


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<U><FONT SIZE=3><P>Exhibit No</U>.</FONT></TD>


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<U><FONT SIZE=3><P>Description<B> </B></U></FONT></TD>


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<TR><TD WIDTH="24%" VALIGN="TOP">&nbsp;</TD>


<TD WIDTH="76%" VALIGN="TOP">&nbsp;</TD>


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<FONT SIZE=3><P>99.1</FONT></TD>


<TD WIDTH="76%" VALIGN="TOP">


<FONT SIZE=3><P>Press Release issued by Internet Capital Group, Inc. on January 5, 2006.</FONT></TD>


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{"company-data": {"conformed-name": "INTERNET CAPITAL GROUP INC", "cik": "0001085621", "assigned-sic": "7389", "irs-number": "232996071", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-16249", "film-number": "06516655"}, "business-address": {"street1": "690 LEE ROAD", "street2": "SUITE 310", "city": "WAYNE", "state": "PA", "zip": "19087", "phone": "610-727-6900"}, "mail-address": {"street1": "690 LEE ROAD", "street2": "SUITE 310", "city": "WAYNE", "state": "PA", "zip": "19087"}}
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):  January 5, 2006
Internet Capital Group, Inc.
(Exact name of registrant as specified in charter)
Delaware
000-26929
23-2996071
(State or other
jurisdiction
of incorporation)
(Commission File Number)
(I.R.S. Employer
Identification No.)
690 Lee Road, Suite 310, Wayne, PA  19087
(Address of principal executive offices) 	(Zip Code)
(610) 727-6900
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
/  / Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
/  / Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
/  / Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
/  / Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01.     Other Events.
On January 5, 2006, the Company issued a press release relating to its partner company, GoIndustry, AG, which completed a reverse merger into Grasshopper Investments plc.  The combined company trades on the London Stock Exchange.  A copy of the Company's press release is attached hereto as Exhibit 99.1 and hereby incorporated by reference.
Item 9.01.     Financial Statements and Exhibits.
(c.) Exhibits
99.1
Press Release issued by Internet Capital Group, Inc. on January 5, 2006.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
INTERNET CAPITAL GROUP, INC.
Date: January 6, 2006
/s/Suzanne L. Niemeyer
By:
Suzanne L. Niemeyer
Its:
Managing Director, General Counsel & Secretary
EXHIBIT INDEX
Exhibit No
.
Description
99.1
Press Release issued by Internet Capital Group, Inc. on January 5, 2006.