venture

AOL sells instant messaging company ICQ for $187.5 million !

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.

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CRED Valuation Soars To $4 Billion As It Raises $251 Million

The fast-growing Credit card payments company CRED has concluded a $251 million financing round and has boosted its value...