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                                    FORM 8-K

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

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

                       The Securities Exchange Act of 1934

          Date of Report (Date of earliest event reported): May 3, 2007

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                          Internet Capital Group, Inc.

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               (Exact name of registrant as specified in charter)


   Delaware                           001-16249                  23-2996071

(State or other                 (Commission File Number)      (I.R.S. Employer
  jurisdiction                                               Identification No.)
of incorporation)


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                    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))

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Section 2.      Financial Information

Item 2.02 Results of Operations and Financial Condition.

         On May 3, 2007, Internet Capital Group, Inc. issued a press release
setting forth its financial information for the three month period ended March
31, 2007. A copy of the press release is attached hereto as Exhibit 99.1 and
hereby incorporated by reference.

         The information in 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.


Section 9.      Financial Statements and Exhibits.

Item 9.01 Financial Statements and Exhibits

        (d) Exhibits

        99.1    Press Release, dated May 3, 2007, issued by Internet Capital
                Group, Inc.




                                    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: May 3, 2007

                                        By: /s/ R. Kirk Morgan
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                                            Name:       R. Kirk Morgan
                                            Title:      Chief Financial Officer
                                                        (Principal Financial and
                                                         Accounting Officer)



                                  EXHIBIT INDEX

Exhibit No.     Description
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99.1            Press Release, dated May 3, 2007, issued by Internet Capital
                Group, Inc.