Naspers Could Be The Next Owner Of ICQ (And Why That Would Make Sense)

Last week, it was reported that AOL – amid restructuring efforts in the lead-up to the imminent Time Warner spin-off and IPO – was putting its instant messaging service unit ICQ on the block and had hired bankers Allen & Co. and Morgan Stanley to assist in the sales process. According to the reports, AOL was looking to offload the asset for $300 million and talking to a pair of non-US companies about an acquisition (likely in a part cash, part stock transaction)

Read the rest here:
Naspers Could Be The Next Owner Of ICQ (And Why That Would Make Sense)