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Report: AOL Working with Four Bidders on Sale of ICQ

Authored by Mark Hefflinger on February 8, 2010 - 9:58am.
New York - AOL (NYSE: AOL) is in serious negotiations with four bidders to sell its ICQ instant messaging service, All Things D reported on Monday.

Citing sources close to the situation, the blog said the company is discussing a price around $200 million for the service, which is most popular with Internet users in Germany and Russia.

The Wall Street Journal reported in December that AOL was in talks with Russia's Digital Sky Technologies about a potential sale.

AOL originally paid $287 million, plus another $120 million in earn-outs, to purchase the service from Israel's Mirabilis in 1998.

 

Related Links:
http://snipurl.com/ub1t3 (All Things D)

http://www.icq.com

Published in DMW Daily, February 8, 2010
tags: Deals | AOL | Acquisitions | Digital Sky Technologies | ICQ |



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