'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,' Milner said. 'The acquisition of ICQ is a strategic enhancement of our business in Russia and Eastern Europe,' DST chief executive Yuri Milner said. It claims more than 32 million unique visitors per month. ICQ provides instant messaging services in 16 languages and has a presence in Germany, the Czech Republic and Israel besides Russia. ICQ was founded in 1996 by Israeli company Mirabilis and acquired by AOL in June 1998. 'We wish them great success as a part of DST and will be rooting for them going forward,' he said in a statement. The Internet company said net profit fell 58 percent in the quarter to 34.7 million dollars compared with a year ago while revenue declined 23 percent to 664.3 million dollars.ĪOL chairman and chief executive Tim Armstrong said the company was fortunate to find a 'great home' for ICQ. AOL announced the sale of ICQ shortly before posting its first-quarter results on Wednesday.

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