AOL's ICQ Attracts Bidders

Russia's ProfMedia and DST, and China's Tencent have placed firm bids to purchase AOL's instant-messaging service ICQ, reports say.
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NEW YORK (TheStreet) -- Russia's ProfMedia and DST, and China's Tencent have placed firm bids to purchase AOL's (AOL) instant-messaging service ICQ, Reuters reports, citing Russian business daily Vedomosti.

ICQ is worth up to $300 million,

Reuters

says.

AOL, spun off from

Time Warner

(TWX)

in December, is in the process of putting non-core assets up for sale.

-- Reported by Andrea Tse in New York

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