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investors hailed the news as a sign that it may soon be bought out
An amusing comment in light of all the recent events I thought.
Telefonica, the Spanish telephone company which owns 39% of Terra Lycos, is believed to be ready to buy control, taking the internet firm private.
Although Telefonica has repeatedly denied wanting to buy out Terra, some analysts feel it will be tempted by the internet company's cash reserves of 1.75bn euros.
I don't really see them attracting companies like Yahoo, MSN or whomever for a buyout.