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America Online Businesses Communications Technology

Russian Company Buys ICQ 136

Posted by Soulskill
from the end-of-a-market-strategy dept.
An anonymous reader writes "AOL has sold ICQ to Digital Sky Technologies (DST), Russia's largest Internet company, for US$187.5 million. DST's offer was apparently more attractive than those of Russia's ProfMedia and China's Tencent. ICQ, originally released in 1996 and bought by AOL in 1998 for US$407 million, was one of the world's first major instant messaging systems. Although largely forgotten in English-speaking countries, it remains widely popular in Central Europe, Russia, and Israel. Moscow News has additional coverage of the deal."
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Russian Company Buys ICQ

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