Filed under : ICQ

"AOL Inc. and Digital Sky Technologies Limited, the largest Internet company in the Russian-speaking and Eastern European markets, announced today that they have reached an agreement for DST to acquire ICQ – the leading instant messaging service in Russia and a number of other international markets – for $187.5 million.

ICQ was created in 1996 by the Israeli company Mirabilis. AOL acquired the assets of Mirabilis, primarily ICQ, in June 1998. Available in 16 languages, ICQ has more than 32 million unique visitors per month.* Approximately 80 percent of ICQ users are between the ages of 13 and 29 and spend an average of more than five hours a day connected to the service, according to internal data. ICQ has built a successful presence in markets like Russia, Germany, Czech Republic and Israel..."

Continue reading : Digital Sky Technologies to Acquire AOL's ICQ Instant Messaging Service