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Lycos Sold By Daum for $36 Million
bill




msg:4187658
 12:56 pm on Aug 16, 2010 (gmt 0)

Hey. I remember these guys!
Lycos Is Still Around Sold By Daum To Ybrant In $36 Million Deal [techcrunch.com]

Lycos, the ill-fated operator of a search engine, Web portal and whatnot originally established in 1994 (!) has a new owner once again.

India-based digital marketing solutions company Ybrant Digital has purchased Lycos from Korean Internet company Daum for a reported $36 million in a stock purchase agreement.

 

engine




msg:4188310
 5:18 pm on Aug 17, 2010 (gmt 0)

How the mighty have fallen, eh!

LifeinAsia




msg:4188325
 5:50 pm on Aug 17, 2010 (gmt 0)

From $5.4 billion in 2000 to $95.4 million in 2004 to $36 million in 2010. At least its rate of depreciation is slowing...

Demaestro




msg:4188343
 6:46 pm on Aug 17, 2010 (gmt 0)

I still can't believe someone paid 5.4 BILLION for it at any point during it's lifespan.

Imagine what you could build from scratch with that much cash.

phranque




msg:4188599
 11:24 am on Aug 18, 2010 (gmt 0)

that (lycos/terra) was a stock swap, not a cash deal.

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