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|BCE buys back Lycos shares in Sympatico|
| 11:37 am on Sep 16, 2002 (gmt 0)|
BCE and Lycos finally agreed on a restructuring of Sympatico(Canada's biggest portal). They annouced last friday that BCE is to buy back the 29 % of shares Lycos had in Sympatico.
Lycos aquired those shares 2 1/2 years ago in exchange for Internet content. It seems that BCE was not satisfied with the deal. They switched to Google search results in January. Now a done deal.
A little more here [canada.com].
| 11:57 am on Sep 16, 2002 (gmt 0)|
Good find Macguru.
I wonder what Lycos will get from this. Cash? Not much I suppose?
| 12:42 pm on Sep 16, 2002 (gmt 0)|
I think cash or other values. Monetary arrangements are still undisclosed.
The official version dont tell us much about it.
One thing is for sure, The french version of the Sympatico portal gets a lot more visitors and page views since they switched to Google. So the portal gets more revenues.
I know switching to Google was an unilateral move from Sympatico. The negociaciations for an arrangement took some time. I will try to know more.
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