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Tencent Partner Buys ICQ for USD 188 Mln

ChinaByte, 4/29/10

Russian Internet firm Digital Sky Technology (DST), in which Chinese internet company Tencent (0700.HK) recently purchased a 10.26% stake, has purchased instant messaging platform ICQ from AOL for USD 187.5 mln. AOL expects the deal to be completed in Q3 2010.

Editor's Note: For more background on this topic, please see "Tencent Invests USD 300 Mln in Digital Sky Technologies" MD 4/13/10 and Rumor: Tencent Bids for Acquisition of ICQ" MD 2/10/10 issues.

Keywords: Internet AOL Tencent instant messaging 0700.HK ICQ Digital Sky Technology M&A

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