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Terra finds buyer for Lycos US subsidiary
to sell for $100 Million, bought for $12 Billion

 8:41 am on Jul 29, 2004 (gmt 0)

Terra Lycos has chosen a potential buyer for its U.S. Lycos subsidiary, the Barcelona provider of Internet access, services and content disclosed Wednesday
The sale price will be in the range of $95 million to $115 million, the filing states. This is a far cry from the $12.5 billion Terra paid for the Waltham, Massachusetts-based Lycos in the heady days of the Internet frenzy in May 2000.
Prior to the sale, some Lycos Inc. assets will be transferred over to Terra Lycos, including Lycos Inc.'s stakes in the Terra Networks USA and Lycos Europe units.



 8:45 am on Jul 29, 2004 (gmt 0)

Even the sale price looks far too high!

Bought for $12.5bn :o


 1:35 pm on Jul 29, 2004 (gmt 0)

why do i keep thinking Ask Jeeves bought 'em? :)

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