Printed from http://www.electronista.com

Russian firm snaps up ICQ from AOL

updated 06:40 pm EDT, Wed April 28, 2010

DST buys ICQ from AOL for $187.5 million

The largest Internet company in the Eastern European markets, Digital Sky Technologies has purchased instant messaging program ICQ from AOL, the two companies announced on Wednesday. ICQ is the leading IM service in Russia and other international markets, and Digital Sky purchased it for $187.5 million.

Digital Sky didn't say why it bought the network, although it came just as AOL reported a 58 percent drop in profits and was eager to offload services it didn't need. The Russian firm also has a stake in major Internet firms such as Facebook and FarmVille creator Zynga.

ICQ is available in 16 languages and was created in 1996 by Israel-based Mirabilis. AOL acquired Mirabilis and all of its assets in June of 1998. ICQ has over 32 million unique visitors per month. It has a large presence in Russia, Germany, Czech Republic and Israel, but has lost much of its traction in North America and Europe to AIM and Windows Live.



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Advertisement

Recent Reviews

Apple 13-inch MacBook Pro (Early 2015)

Although the new darling of the Apple MacBook line up is the all-new MacBook, Apple has given its popular 13-inch MacBook Pro with Ret ...

Seagate Wireless

It seems like no matter how much internal storage is included today's mobile devices, we, as users, will always find a way to fill the ...

Lenovo Yoga Tablet 2 (Android, 10.1-inch)

Lenovo is building a bigger name for itself year after year, including its devices expanding beyond desktop computers. The company's l ...

Advertisement

toggle

Most Commented

 
toggle

Popular News