AOL completes sale of ICQ messenger
In April, AOL sold one of the pioneers of instant messaging, ICQ, to Digital Sky Technologies Limited (DST) for $187.5 million USD.
Today, AOL has completed that sale, with Tim Armstrong, Chairman and Chief Executive Officer of AOL saying the company will use the proceeds to either buy media properties or hoard the cash for emergencies.
Despite losing popularity in the United States to other services such as MSN Messenger and AIM, ICQ remains the most popular IM service in Russia and other smaller international markets.
"The acquisition of ICQ is a strategic enhancement of our business in Russia and Eastern Europe. ICQ’s long-standing brand name and its sizeable loyal customer base together represent a very attractive opportunity to further strengthen our position in the region," added Yuri Milner, Chief Executive Officer of DST.

Google has launched the App Inventor this week, a tool that will given anyone the chance to create apps for Android phones.



