Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

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