Naspers Could Be The Next Owner Of ICQ (And Why That Would Make Sense)

Entities Mentioned

• IPO
• Time Warner
• Morgan Stanley
• Robin Wauters
• AOL
• London Stock Exchange
• Naspers
• ICQ

1. Last week, it was reported that AOL - amid restructuring efforts in the lead-up to the imminent Time Warner spin-off and IPO - was putting its instant messaging service unit ICQ on the block and had hired bankers Allen & Co. and Morgan Stanley to assist in the sales process. According to the reports, AOL was looking to offload the asset for $300 million and talking to a pair of non-US companies about an acquisition (likely in a part cash, part stock transaction). Question is: who are those potential buyers? (Read Full Article)

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