Terra to Sell Lycos to S. Korean Media Group

[nate_king1]

Spanish Internet media giant Terra Networks S.A. (Quote, Chart) announced Monday that it will sell its U.S.-based Lycos portal business to South Korean Internet media group Daum Communication Corp. for $105 million.

[clickz.com ]

[bakedjake]

The purchase price is a stark contrast to the $12.5 billion purchase price Lycos fetched just four years ago.

Wow.

[papamaku]

[webmasterworld.com...]