Tuesday, August 03, 2004

Boston.com / Business / Technology / Terra to sell Lycos unit for $95m

Boston.com / Business / Technology / Terra to sell Lycos unit for $95m "Four years after being bought by Spanish owners for $12.5 billion, the Lycos Inc. Internet operation formerly based in Waltham is now set to be acquired for just $95 million by a South Korean company.
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Terra said in a filing with Spanish securities regulators that Daum is paying a total of $105 million, which includes Daum assuming $10 million worth of real-estate lease guarantees for Lycos's US operations."
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