NEW YORK (

TheStreet

) --

AOL

(AOL)

is in early stage discussions to sell its ICQ instant-messaging service to Russian Internet-investment group Digital Sky Technologies, the

Wall Street Journal

reports, citing people familiar with the matter.

A deal could fetch AOL between $200 million and $300 million, the people said. A spokeswoman for AOL declined to comment for the

Journal

on news of any deal talks.

Bebo, a second-tier social-networking site that AOL acquired for $850 million last year, also could be on the block, the

TheStreet Recommends

Journal's

sources added. AOL wasn't in a hurry to make any deals until after its just-completed separation from

Time Warner

(TWX)

, the person said.

TechCrunch.com

reported

Google

(GOOG) - Get Report

also might be interested in launching a bid for ICQ.

AOL CEO Tim Armstrong said last week at a conference that AOL was evaluating shedding some of its assets "that don't make sense" with the company's new focus.

Digital Sky Technologies, run by Russian businessman and Internet investor Yuri Milner, previously bought a $200 million stake in Facebook.

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