AOL is in talks to sell its ICQ instant-messaging service to Russian investment firm Digital Sky Technologies, The Wall Street Journal reported on Sunday, citing people familiar with the matter.

According to the report, the discussions are still in the early phase and AOL has reached out to other parties. The value of the sale could be between $200 million and $300 million, the Journal said.

A spokeswoman for AOL declined to comment on the story. A spokeswoman for Digital Sky could not be immediately reached for comment.

(Reporting by Michael Erman, editing by Martin Golan)

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