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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.
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.
Any ideas how Lycos Inc. is performing so far this year?
joined:Dec 29, 2003