Thursday 29 April 2010

AOL Sells Instant Messaging Service ICQ To DST For 1875Mil

AOL has officially sold the pioneering instant messaging service ICQ to Russian investor DST (who also is a big investor in Facebook) for $187.5 million.

In a release, AOL CEO Tim Armstrong said "As AOL continues its turnaround effort, were fortunate to find a great home for ICQ with DST."

Source:
http://techcrunch.com/2010/04/28/aol-sells-instant-messaging-service-icq-to-dst-for-187-5-million/

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