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

Sponsor

Recent Reviews

Asus Chromebook C300

When Chromebooks hit the market back in 2011, consumers didn't know what to do with them. The low-cost laptops, powered by Google's Ch ...

Plantronics BackBeat Pro Bluetooth headphones

Looking for a pair of headphones that can do everything a user requires is a task that can take some study. Trying to decide on in-ear ...

Lemur BlueDriver

"Oh no, the check engine light is on…again! What one of the hundreds of reasons could it be this time? Probably going to cost a fort ...

Sponsor

toggle

Most Commented

 
toggle

Popular News