AOL sells instant messaging company ICQ for $187.5 million !

Must Read

3 Most Common Mistakes Social Media Marketers Are Committing In 2016

In their quest for greater sales and increased ROI, the self-appointed “digital marketing guru” has lost touch with what...

Zomato Offers Unlimited Free Delivery To Match Swiggy Super

The competition between Zomato and Swiggy is bound to intensity as both the food delivery unicorns have created a...

Elon Musk Puts His Weight Behind Epic Games Against Apple!

Elon Musk and Apple has a kind of weird connect. As Elon is known to be too vocal when...

 AOL has sold the instant messaging company ICQ to Russian investment company DST (Digital Sky Technologies) for $187.5 million. AOL had acquired the Israeli startup in June 1998 for $407 million. The sale is apparently part of AOL’s new CEO Tim Armstrong’s decision to sell all internet holdings that are not in line with the company’s strategy. AOL, the internet company spun off from Time Warner, has reported a decline of 58 per cent in its net income at $34.7 million for the first quarter ended March 31, 2010, as compared to $82.7 million for the first quarter of 2009. Revenues fell by 23 per cent from $864.0 million in the first quarter of 2009 to $664.3 million in the first quarter of 2010. According to AOL, its first-quarter profit dropped on declining advertising sales.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Apple iPhone 13 Will Come With The Most Demanded Feature, Finally!

What is your most important expectations from Apple iPhone 13 which is scheduled for launch next month? A better camera...

In-Depth: Dprime

Will ‘TikTok By Microsoft’ Be A Winner?

For the last two years, TikTok has been in the public eye for all sorts of reasons. First, it was the exploded and unparalleled...

Facebook Subscription Model: Looking Beyond Ad Dollars?

Seldom do job listings create a stir this gripping. However, when the job listing in question is a stealth post from Twitter, with a...

Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?

It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one of the...

More Articles Like This