Lycos

May be sold for $95 Million

[pageoneresults]

Lycos may be sold to S. Korea co. for $95M [boston.bizjournals.com]

Lycos Inc. could be sold to a South Korean company for at least $95 million, according to reports published Wednesday morning.

Terra finds possible buyer for Lycos [boston.com]

The Spanish telecommunications conglomerate that bought former Waltham-based Internet company Lycos Inc. for $12.5 billion four years ago says it has found a possible buyer who could pay less than one hundredth of what Lycos sold for less than five years ago.

[ytswy]

Now a done deal according to the BBC:
[news.bbc.co.uk...]

South Korean top internet portal Daum Communications is buying US web portal Lycos Inc from Terra Lycos of Spain, to push its way into the US market.

[Warren]

Valued at $12.8Billion
Sold for $5.8 Billion in stock.

3 years later the "fire sale" price of less than $100million.

That has got to hurt.