AOL Sells ICQ for $187.5 Million

Once upon a time, ICQ was synonymous with instant messaging. While ICQ doesn't have this kind of clout anymore, it is still very popular in Russia and other countries that use the Cyrillic alphabet. AOL bought ICQ in 1998, but the company has been trying to sell ICQ for quite a while. After a short bidding war between China's Tencent and Russia's Digital Sky Technologies and ProfMedia, AOL just announced that it has sold ICQ to Digital Sky Technologies (DST) for $187.5 million.

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