AOL clears another asset off its books, just in time for first-quarter earnings: Digital Sky Technologies, the Russian investors with a seemingly insatiable appetite for American Web properties (Facebook, Zynga, etc.), is buying Tim Armstrong's ICQ chat service. They're paying $187.5 million, and AOL expects the deal to close by the third quarter.
DIGITAL SKY TECHNOLOGIES TO ACQUIRE AOL'S ICQ INSTANT MESSAGING SERVICE
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