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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