Thursday, July 29, 2004

Boston.com / Business / Technology / Terra finds possible buyer for Lycos

Boston.com / Business / Technology / Terra finds possible buyer for Lycos "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.
In a regulatory filing in Spain, Terra Networks SA said it expected to get $95 million to $115 million for Lycos's US operations. A Spanish newspaper, Expansin, identified the potential buyer as a South Korean company it did not name."
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