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---- Korean Daum to Aquire U.S. Search Portal Lycos

Woz - 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

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