Featured Articles

Intel releases tiny 3G cell modem

Intel releases tiny 3G cell modem

Intel has released a 3G cellular modem with an integrated power amplifier that fits into a 300 mm2 footprint, claiming it…

More...
Braswell 14nm Atom slips to Q2 15

Braswell 14nm Atom slips to Q2 15

It's not all rosy in the house of Intel. It seems that upcoming Atom out-of-order cores might be giving this semiconductor…

More...
TSMC 16nm wafers coming in Q1 2015

TSMC 16nm wafers coming in Q1 2015

TSMC will start producing 16nm wafers in the first quarter of 2015. Sometime in the second quarter production should ramp up…

More...
Skylake-S LGA is 35W to 95W TDP part

Skylake-S LGA is 35W to 95W TDP part

Skylake-S is the ‘tock’ of the Haswell architecture and despite being delayed from the original plan, this desktop part is scheduled…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 14 December 2009 12:19

ICQ going to be flogged to the Russians

Written by Nick Farell

Image

Developers and pirates paradise


The
messaging tool beloved by pirates and developers seems set to be flogged to the Russians.

ICQ which is currently owned by AOL is set to be flogged to Russia’s Digital Sky Technologies. Although talks are in early stages, it seems that AOL is keen to flog off some of its family silver after being spun off from Time Warner.

AOL’s chief executive, Tim Armstrong, said recently that the company would seek to sell noncore assets as it reshapes itself into an online media player. ICQ is apparently worth $200 million. AOL bought ICQ’s parent, Mirabilis, from its four founders in 1998 for $287 million in upfront cash and $120 million in later payments tied to certain performance milestones.

Ironically the outfit bought ICQ because it was a rival. Digital Sky Technologies, a Russian investment firm, is probably best known for paying $200 million for a 3.5 percent stake in Facebook this summer.

Nick Farell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments