AOL has been trying to offload its extra instant-messaging service ICQ for several months. According to the NYT’s DealBook, it has finally found some bidders:
ProfMedia and DST of Russia, and Tencent of China, have submitted binding offers to buy AOL‘s instant-messaging service ICQ, the business daily Vedomosti reported Tuesday.
The ProfMedia offer is only $120 million. If memory serves, this is about a third of what AOL paid for the service in the late 1990s (which is irrelevant, but predictable). At this point, any cash in exchange for dumping a stale distraction is a good trade.
Here’s a link to the original story, which is in Russian:
As we’ve described, we think AOL has an opportunity to unload at least $1 billion worth of extraneous assets and streamline its operations considerably. The company appears to be headed in that direction, but it’s taking its time about it.
Next up: MapQuest. We have no idea what the financials are here, but we suspect the property will command a higher price than ICQ.
See Also: AOL’s Content Strategy Is Still A Mess
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