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Terra Has 4 Offers for Lycos

     
12:24 pm on Jun 22, 2004 (gmt 0)

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[news.ft.com...]

Spanish Internet firm Terra Lycos has received four offers for its U.S. portal Lycos, a company source said on Tuesday.

"We are weighing the sale of Lycos. No decision has been taken yet but Terra has four offers and we expect a decision will be taken in the short term," the source told Reuters without giving further details.

12:35 pm on June 22, 2004 (gmt 0)

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Bit of fuss over here in Spain over that - the shareholders are complaining that Telefonica is trying to reduce quietly reduce it's debt exposure without considering them.

Be interesting to see if they put up the expected resistence to any sale...

[edit - added below]
[expansion.com...] [in spanish from May when Telefonica annouced their intention to sell]

Basically, Accter.com (terra lycos shareholders Union) says that the sale of lycos would be a steady move towards the illegal liquidation, and eventual closure of terra, and is a move designed to bolster shares of Telefonica, at the expense of terra lycos shareholders.
[/edit]

Tor

1:32 pm on June 22, 2004 (gmt 0)

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Looking at the financial results for the group in 2003 it shows that the US arm of their operations (mainly Lycos Inc.) was performing far worse than the rest of their portfolio with a decrease in revenue of 35% from 2002 to 2003.

Any ideas how Lycos Inc. is performing so far this year?

2:48 pm on June 22, 2004 (gmt 0)

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Certainly from a seen to be performing outlook - i hadn't thought about lycos for about the last 4 months, the only reason today - was a review of Espotting bids.
11:12 pm on June 22, 2004 (gmt 0)

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How much is a PR9 site worth? ;)

That works on so many levels...

12:06 am on June 23, 2004 (gmt 0)

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I'm sorry.. would you tell me what a PR9 site means?

Tor

8:08 am on June 23, 2004 (gmt 0)

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PageRank (PR) [google.com]
2:07 am on June 28, 2004 (gmt 0)

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make it five...as soon as I get my next CJ check :)
 

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