Simpson Thacher Represents AOL in Sale of its ICQ Instant Messaging Business
04.30.10
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The firm is representing AOL Inc. in the sale of its ICQ instant messaging operations to Digital Sky Technologies Limited for $187.5 million. ICQ is the leading instant messaging service in Russia and a number of other international markets. DST is the largest Internet company in the Russian-speaking and Eastern European markets and also hold stakes in other Internet companies such as Facebook, Zynga and GroupOn.
The Simpson Thacher team working on this deal includes: Peter Malloy, Jason Lee, Ben Backberg, Jessica Pan, Jeffrey Schmidt and Konstantin Vertsman (M&A); Sean Austin (Tax); Tristan Brown and Michael Richman (Executive Compensation and Employee Benefits); Lori Lesser and Marcela Robledo (Intellectual Property); Michael Isby (Environmental) and David Vann and Michael Naughton (Antitrust).