Feeds

ICQ chatted up by Russian billionaires

AOL offloads IM service

Remote control for virtualized desktops

Russian investors have bought ICQ, the venerable instant messenger service, from AOL for $187.5m.

The deal was announced today by Digital Sky Technologies, an investment group backed by Yuri Milner, a media baron, and Alisher Usmanov, the controversial Uzbek commodities plutocrat who owns a large stake in Arsenal FC.

After dotcom-era success, the popularity of ICQ has waned in the West. In Israel, where it was developed, and former Soviet countries, it remains a leading instant messenging service however.

AOL bought ICQ back in 1998, from its developer Mirabilis, for $407m. It now registers 32 million users per month. In 2001 it announced it had 100 million registered users.

AOL, currently amputating non-profitable arms as it aims to refocus as a digital publisher said today: "Digital Sky Technologies is a leading innovator in the Internet investment space and has a significant presence in the markets where ICQ is strong."

The Russian group is dominant in its home market, claiming responsibility for 70 per cent of all web page views. In the West its most significant investment to date has been its $200m purchase of 2 per cent of Facebook. ®

Internet Security Threat Report 2014

More from The Register

next story
Bladerunner sequel might actually be good. Harrison Ford is in it
Go ahead, you're all clear, kid... Sorry, wrong film
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
Euro Parliament VOTES to BREAK UP GOOGLE. Er, OK then
It CANNA do it, captain.They DON'T have the POWER!
Forget Hillary, HP's ex CARLY FIORINA 'wants to be next US Prez'
Former CEO has political ambitions again, according to Washington DC sources
prev story

Whitepapers

Seattle children’s accelerates Citrix login times by 500% with cross-tier insight
Seattle Children’s is a leading research hospital with a large and growing Citrix XenDesktop deployment. See how they used ExtraHop to accelerate launch times.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Business security measures using SSL
Examines the major types of threats to information security that businesses face today and the techniques for mitigating those threats.