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Korean Daum to Aquire U.S. Search Portal Lycos
Search Engine, Lycos,
venuma

10+ Year Member



 
Msg#: 712 posted 7:54 pm on Jul 29, 2004 (gmt 0)

Korean Daum to Aquire U.S. Search Portal Lycos
[english.chosun.com...]

 

bcolflesh

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 712 posted 8:03 pm on Jul 29, 2004 (gmt 0)

I wonder if this move was undertaken on instructions from Google:

[webmasterworld.com...]

venuma

10+ Year Member



 
Msg#: 712 posted 8:52 pm on Jul 29, 2004 (gmt 0)

I had a feeling Google will buy it but was surprised by Daum's acqusition and now it make sense.
Google must be in quiet period because of the IPO .

bill

WebmasterWorld Administrator bill us a WebmasterWorld Top Contributor of All Time 10+ Year Member



 
Msg#: 712 posted 1:40 am on Jul 30, 2004 (gmt 0)

Daum making moves... [webmasterworld.com]
These guys have been pretty active this year. I wouldn't be surprised to see them come out as a major player in a few years at this pace.

What's the word in Korea?

amznVibe

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 712 posted 7:16 am on Aug 1, 2004 (gmt 0)

directly related:
[webmasterworld.com...]

GrendelKhan TSU

10+ Year Member



 
Msg#: 712 posted 8:24 am on Aug 2, 2004 (gmt 0)

What's the word in Korea?

The word is: Maybe NOT

[telecom.paper.nl...]

More significantly:
Analysts from domestic brokers said that the deal would have a negative impact on Daum, the nationís major Internet portal operator, as there was not much to be gained from taking over Lycos.

[times.hankooki.com...]

o_O

who knows? personally, I don't see what Daum would get outta it unless they just want a platform to stage a move to the US or take advantage of nasdaq, etc.

bill

WebmasterWorld Administrator bill us a WebmasterWorld Top Contributor of All Time 10+ Year Member



 
Msg#: 712 posted 8:58 am on Aug 2, 2004 (gmt 0)

Thanks for putting this in a different light Grendel. Sometimes it seems that people forget that these are not done deals when the news breaks. Reading some of the other articles in the press you get a different impression.

Lycos is certainly no prize in the SE world. Anybody in the industry could tell you that. I wonder what the attraction was? There must be something else behind the scenes we're not privy to. (or at least you'd hope there is...)

GrendelKhan TSU

10+ Year Member



 
Msg#: 712 posted 9:12 am on Aug 2, 2004 (gmt 0)

that said (thinking about it more)...
there COULD be a major missing element here. Off the cuff.....

1. analysts here dont' know @@se about the SE market.
2. I totally forgot about cyworld/nate thing!

It gets convulted and don't know how it plays out exactly in this case....but (follow me here):

(Been a while but if memory serves)

Lycos Korea was bought out by SK (GIANT korean conglomorate) and turned it into NATE.com (if you type lycos .co .kr it goes to Nate). Nate is one of korea's top 5 portals and leader in MOBILE portal content oriented stuff. More significantly, Nate, (i believe) is the one that launched CYWORLD which as I've said a few times (eg: cyworld [webmasterworld.com]), ...has been kickin major butt out here and imo gunna give daum's cafes problems in the long run (Again cyworld and nate are SK properties).

Problem is I dont' remember if Nate (lycos korea) is still technically a part of Lycos (Spanish Terra Networks) or not.

Now IF a lycos buyout somehow gets Daum's mits on nate and cyworld ....then Daum does have a very valid competitive reason to do it (imo).

(I'll have to check up on what the deal is with Lycos and Nate/Cyworld.)

bill

WebmasterWorld Administrator bill us a WebmasterWorld Top Contributor of All Time 10+ Year Member



 
Msg#: 712 posted 4:08 am on Aug 3, 2004 (gmt 0)

comment #1 is probably right on the mark. :) That's not the first time we've seen this.

If I have the reports straight, Terra was just selling off the Lycos part of the operations. This was the SE and portal. I assume that includes communities and all the online peripherals that were there before Terra entered the scene.

The Lycos Korea deal was a few years ago. Did they retain any of the Lycos name or branding other than the URL?

You may be on to something here. What you've said makes a lot more sense than all those articles. It would make a better story if Daum were buying themselves into that cybercafe market (cyworld) or taking out a competitor.

Woz

WebmasterWorld Senior Member woz us a WebmasterWorld Top Contributor of All Time 10+ Year Member



 
Msg#: 712 posted 4:42 am on Aug 3, 2004 (gmt 0)

From "planning to acquire" as reported in the initial article above, it now appears to be a done deal.

  • Lycos Sold to Korean Portal Company [eweek.com]
  • South Korean Web Site Operator to Buy Lycos for $95 Million [nytimes.com]

    From the second article,
    "The buyout will provide a springboard for our company to venture into the U.S. Internet market and become a global player," the company said in a statement.

    This comes as Daum is reported [yonhapnews.net] to have been overtaken by NHN as Sth Korea's most-visited portal.

    Interesting times.

    Onya
    Woz

  • GrendelKhan TSU

    10+ Year Member



     
    Msg#: 712 posted 4:56 am on Aug 3, 2004 (gmt 0)

    well... what a tangled web daum does indeed weave....

    Its official...the deal is going through (as of now). Its ALSO official that these reporters don't know they are talking about (LOL) Notice how these two report contradict eachother):

    1.
    Also Monday, Terra Networks S.A., of Madrid, Spain, agreed to sell its search engine unit Lycos Inc. to Daum Communications Corp., of South Korea, in an all stock deal valued at $545 million.

    [sanjose.bizjournals.com...]

    2.
    Spain-based Terra Lycos will retain its ownership stakes in Lycos Europe and Terra Networks USA....The complex deal was valued at around $545 million, but because the assets that Terra will retain are valued at more than $430 million, the total premium for the deal is closer to $105 million

    [ecommercetimes.com...]

    -------------

    But this below article leads me to believe that I was close (even dead on about using Lycos in one form or another for Cyworld stuff). In the least, cyworld or Lycos or whatever will be used as platform for their US penetration/launch.

    Daum's spokeswoman explains that it plans to introduce blog-based social software service with more bells and whistles using Lycos platform and its user base. Personal homepage service such as Cyworld that enables users to connect with each other using various web tools and cyber items was proven hugely popular among young Koreans.

    [english.ohmynews.com...]

    IMO: forget the reporter's doubts... I say the USA should be prepared for Korea's bizarre (but cool and impressive) online community technologies.

    <<< prepares to explain what cyworld is again to people. ;p ^^

    Note, though, the article makes it seem like lycos and nate are not connected in anything but name anymore....but something about that is amiss. I am still looking into it. I'll let ya know.

    Again, as far as I know,
    SK Communications owns Nate, Lycos .co.kr, and Cyworld. So, right now, it seems most likely Terra Lycos doesn't have formal associations with Lycos Korea anymore or else we'd be seeing SK's name in the filings somewhere. Its too big a company (billions and billions) to not mention.

    Huh.

    If so, Terra Lycos (Daum) will make competitive products based on Lycos Korea ideas/technologies to launch service in the US (and continue to compete in Korea).

    Gotta love it.

    GrendelKhan TSU

    10+ Year Member



     
    Msg#: 712 posted 5:12 am on Aug 3, 2004 (gmt 0)

    ok...checked it out a bit more.

    I am pretty positive that Terra Lycos.com and SE division is owned by Spanish Terra Lycos et al (and soon Daum) and Lycos Korea is wholly owned by SK. IE: Lycos is going to the chop shop to be sold for parts. Ironically, the one part that no one seems to care about is the SE. lol

    So the REAL 1to1 competetive lineup and future landscape in this scenario goes:

    -SK Comm.>>>>>>> Nate / Lycos Kor / Cyworld
    -Daum Comm.>>>>> Daum / Lycos USA / *FutureUSACyworld*

    and don't forget:
    -NHN Corp >>>>>> Naver / NaverASIA / USA(?)

    World beware! Here come the Korean portals! LOL *^^*

    Ya--who? :p

    GrendelKhan TSU

    10+ Year Member



     
    Msg#: 712 posted 5:23 am on Aug 3, 2004 (gmt 0)

    GRR...woz! how'd you're post get in before mine?! Weird...I posted it was only mine...then I edited it some....and when I refreshed, yours was one top!

    cheeky admin! lol ;)

    AAANYHOW...

    From the second article,
    "The buyout will provide a springboard for our company to venture into the U.S. Internet market and become a global player," the company said in a statement.

    see my comments as to what I think that means. :)


    This comes as Daum is reported to have been overtaken by NHN as Sth Korea's most-visited portal.

    This is fairly meaningless...switches every other month and its based on metrixs that are....well....questionable.

    Interesting times.

    that much is certainly true. :D =^^=

    bill

    WebmasterWorld Administrator bill us a WebmasterWorld Top Contributor of All Time 10+ Year Member



     
    Msg#: 712 posted 6:58 am on Aug 3, 2004 (gmt 0)

    Woz is a benevolent Admin...he'd never do something like that. ;)

    It's too bad the CyWorld business isn't tied in somehow. I liked that scenario better. It made Daum appear a bit more savvy. As it stands they got a 3rd tier SE with some communities attached.

    It will be interesting to see what type of Korean technology they choose to port over.

    GrendelKhan TSU

    10+ Year Member



     
    Msg#: 712 posted 8:26 am on Aug 3, 2004 (gmt 0)

    It will be interesting to see what type of Korean technology they choose to port over.

    yah, that seems to be the only "real" thing of note here. ^^ (imo)

    Woz

    WebmasterWorld Senior Member woz us a WebmasterWorld Top Contributor of All Time 10+ Year Member



     
    Msg#: 712 posted 11:10 pm on Aug 3, 2004 (gmt 0)

    >GRR...woz!
    Tsk tsk Grendel, please to be cleaning spectacles.
    ;)

    Lycos is a large network with low traffic. Now, if Daum started to institute some of the alternate search functions we discussed here [webmasterworld.com], imagine the possibilities. Hmmm ...

    Onya
    Woz

    Brad

    WebmasterWorld Senior Member 10+ Year Member



     
    Msg#: 712 posted 1:43 am on Aug 4, 2004 (gmt 0)

    Does anyone know, did the Lycos purchase include Hotbot?

    Facinating thread you just pointed to Woz.

    asinah

    10+ Year Member



     
    Msg#: 712 posted 3:57 am on Aug 4, 2004 (gmt 0)

    I am not surprised as Lycos Asia (a 50/50 jv with SingTel from Singapore)

    I think the deal was well calculated and it is/was time to ditch the Singapore partner out of the Lycos Asia joint venture. The official version in the Singapore press was actually that SingTel sold back the Lycos Asia Venture for a symbolic 1USD.

    Lycos does well in the Spanish speaking market and they are on the right part in China but of course no match to Sohu or Baidu.

    GrendelKhan TSU

    10+ Year Member



     
    Msg#: 712 posted 4:28 am on Aug 4, 2004 (gmt 0)

    The news is picking up in the US about this...maybe someone should direct ibankers and stock hounds to this thread. lol

    Anyway...not too bad of articles from Boston Globe ( [boston.com...] ) and Fool ( [fool.com...] ).

    They managed to keep it general and avoided most errors some reporters make. My favorite part and interesting perspective:

    That Korea's Daum jumped in appears to be due to a
    combination of a price that was too low to resist (almost half the price Terra was seeking just a few months ago) and Daum's burning desire to buy entry into the U.S. Internet market. (Bad as it is, Lycos remains the No. 7 Internet search site in the U.S.)

    So bully for Daum. They got themselves a real Internet bargain here, even if it isn't exactly in mint condition. And good for Terra, too, for holding a successful garage sale.

    A have continual advocated to my friends here that a Cyworld type thing (with some tweeking) would do well in the English speaking world..... I suppose Daum is set to the be first to find out (though I am sure Naver, Nate et al will follow suit in one form or another).

    GrendelKhan TSU

    10+ Year Member



     
    Msg#: 712 posted 4:30 am on Aug 4, 2004 (gmt 0)

    I am not surprised as Lycos Asia (a 50/50 jv with SingTel from Singapore)

    I take it Lycos Korea is different from Lycos Korea, which a SK Communications company. Or is something amiss here too?

    bill

    WebmasterWorld Administrator bill us a WebmasterWorld Top Contributor of All Time 10+ Year Member



     
    Msg#: 712 posted 7:24 am on Aug 4, 2004 (gmt 0)

    Anyway...not too bad of articles from Boston Globe

    Before it became fodder for the highest bidder, Lycos was a Boston based company. At least their HQ was nearby. There are a number of top level universities in that area and during the Internet bubble there were quite a few companies of that sort around Boston. The local press must be better attuned to the tech market than a lot of the other drivel we've seen.

    GrendelKhan TSU

    10+ Year Member



     
    Msg#: 712 posted 9:34 am on Aug 4, 2004 (gmt 0)

    Facinating thread you just pointed to Woz.

    if you mean the one about different korean searches...that's just scratched the surface!

    bummer though---I wanted to add some stuff about new searches that came out (like publications/books search and the very advanced local search, and an interesting MAIN section of daum's portal devoted to search called "search magazine and search center....which has TONS of stuff about and for special searching etc) to the thread...

    but alas the thread is closed :(

    oh well.....guess you'll have to contend with wondering about cyworld and wacky korean stuff. heh lol ;)

    Woz

    WebmasterWorld Senior Member woz us a WebmasterWorld Top Contributor of All Time 10+ Year Member



     
    Msg#: 712 posted 11:54 am on Aug 6, 2004 (gmt 0)

    Grendel, I just reopened the alternate SERPs thread, post away.

    Onya
    Woz

    GrendelKhan TSU

    10+ Year Member



     
    Msg#: 712 posted 2:12 am on Aug 7, 2004 (gmt 0)

    sweet! thanks woz! :D will do! :)
    ============

    from korea herald:

    "The high brand recognition of Lycos could be the cornerstone of our future business in the U.S. market, when blended with our proven business model in the Korean market," said Daum chief executive Lee Jae-wong.

    note:
    when blended with our proven business model in the Korean market,"

    I think that pretty much confirms my suspicions, imo: Its a way to buy a known US internet brand (though declining) at bargain basement prices in order to introduce all the funky korean stuff I've been talking about.....whether in search or portal service (like cafe) or other tons of unique korean portal features.

    So, people who keep thinking or are "unconvinced" saying that its pointless to try to "fix" or "save" Lycos' search technos or whatever can relax....I bet they're gunna gut the sucka. Ever see "Pimp My Ride" on MTV or "Monster Garage" on Discovery channel?.... its kinda like that only with a portal.

    LOL =^^=

    GrendelKhan TSU

    10+ Year Member



     
    Msg#: 712 posted 3:20 am on Aug 7, 2004 (gmt 0)

    you know...here's what it comes down to:
    If there was an english based portal with the features, depth and search capabilities of a korean portal......

    I'd use it.

    nuff said. ;)

    Brad

    WebmasterWorld Senior Member 10+ Year Member



     
    Msg#: 712 posted 12:03 pm on Aug 7, 2004 (gmt 0)

    I agree, I would at least try it out for a few months and it sounds facinating. I'm looking forward to see what Daum does with Lycos.

    GrendelKhan TSU

    10+ Year Member



     
    Msg#: 712 posted 2:56 am on Aug 24, 2004 (gmt 0)

    is this the beginning?

    [news.com.com...]

    Note: there are links to new search features at Lycos that reek of stuff we've been doing in Korea forever.

    (PS. I didn't see the new Lycos search betas posted anywhere else, so feel free) ^^

    GrendelKhan TSU

    10+ Year Member



     
    Msg#: 712 posted 3:22 am on Aug 24, 2004 (gmt 0)

    (PS. I didn't see the new Lycos search betas posted anywhere else, so feel free) ^^

    LOL nm. Just notice the SearchDay report is about that! haha
    *^^*

    bill

    WebmasterWorld Administrator bill us a WebmasterWorld Top Contributor of All Time 10+ Year Member



     
    Msg#: 712 posted 4:39 am on Aug 24, 2004 (gmt 0)

    Doesn't it take a bit longer for these types of deals to wrap up? Does Daum already have control of Lycos? This seems a little too fast. There are still Terra links on the Lycos homepage, so I'm guessing this may be coincidence.

    Sorry to rain on your parade Grendel

    Moving control of a company from a Spanish/English environment to a Korean/English one must be quite a task.

    GrendelKhan TSU

    10+ Year Member



     
    Msg#: 712 posted 1:00 am on Aug 25, 2004 (gmt 0)

    Doesn't it take a bit longer for these types of deals to wrap up? Does Daum already have control of Lycos? This seems a little too fast. There are still Terra links on the Lycos homepage, so I'm guessing this may be coincidence.

    Sorry to rain on your parade Grendel

    Moving control of a company from a Spanish/English environment to a Korean/English one must be quite a task.

    lol actually I figured as much. But hey, it got a reply. woot! =^^=

    <<< runs for an umbrella hehe.

    This 39 message thread spans 2 pages: 39 ( [1] 2 > >
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