David Kaplan
Aug 16, 2010 9:07 AM
Search engine and portal operator Lycos has been sold to Indian digital marketing firm Ybrant Digital by South Korea’s Daum Communications for $36 million. That’s significantly less than the $95 million Daum paid for Lycos in 2004. The agreement calls for Ybrant to purchase all of Daum’s stock in Lycos…
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Advertising, Marketing, Money, M&A & Venture Capital, Mergers & Acquisitions, Search, Companies, Terra Lycos, Countries, Asia, Korea, India, daum communications, lycos, ybrant digital
Rafat Ali
Jul 11, 2006 7:08 PM
This has been in the works for a long, long time now…and finally the online and print sides of the eponymous Wired brand unite, after an eight-year separation. And yes, believe it or not, Conde Nast has done its first online acquisition, for as long back as I can remember.…
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Media & Publishing, Magazines, Money, Companies, Terra Lycos, Countries, Asia, Korea
Rafat Ali
Aug 23, 2005 12:09 AM
Lycos U.S. this week officially named Alfred Tolle as its new CEO, though he quietly took the reins in early this year…Tolle takes the role formerly held by David Kim. Lycos officials were mum on Kim’s fate. Earlier, Tolle was Bertelsmann’s VP of Far and Southeast Asia for BOL.com…He also…
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Companies, Terra Lycos
Rafat Ali
Jul 27, 2005 1:08 AM
Wired News has had a bunch of editorial layoffs, reports News.com. The layoffs left the site with no employees bearing the title “staff writer.” In all, three reporters, an unknown number of production employees and two business-side people lost their jobs. The two remaining staff writers had their titles changed…
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Companies, Terra Lycos
Rafat Ali
Jul 16, 2005 4:08 PM
Oh really? Well, Lycos is celebrating its 10th anniversary, and thinks it is on the rebound. Maybe I’ll just ignore everything else I hear in the market, like how the number of unique visitors to its site dropped 31 percent to 25.5 million from 37.1 million a year ago, according…
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Companies, Terra Lycos, Countries, Asia, Korea
Rafat Ali
Aug 23, 2004 8:09 PM
First major move by Lycos after its buyout announcement: new services Lycos People Search and Discussion Search are expected to anchor a number of forthcoming offerings that permit users to access and share information online.
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Companies, Terra Lycos
Rafat Ali
Aug 5, 2004 12:09 AM
(sub. req.): Analysts are skeptical on Daum’s buyout of Lycos US, but the company is confident…“The acquisition of Lycos is a springboard for Daum to venture into the U.S. market and become a global player,” says Lee Jae Woong, the company’s CEO. But Korean technology analysts also question Daum, which…
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Companies, Terra Lycos, Countries, Asia, Korea
Rafat Ali
Aug 2, 2004 12:09 PM
Following Lycos’ sale to Korean portal Daum, here’re some reactions and comments: —Asia Times: “I think it’s the right time for Korean Internet companies to make inroads overseas,” Daum CEO Lee Jae-woong said in a conference call with analysts. “In South Korea, high growth in the domestic Internet market may…
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Companies, Terra Lycos, Countries, Asia, Korea
Rafat Ali
Aug 2, 2004 1:09 AM
For $95.44 million in cash… “The buyout will provide a springboard for our company to venture into the U.S. Internet market and become a global player, Daum said in a disclosure statement to the Kosdaq exchange. Lycos is ranked seventh in U.S. in terms of site visits and has about…
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Money, Companies, Terra Lycos
Rafat Ali
Aug 1, 2004 10:09 PM
Seems like it, from this Reuters report…for $95.44 million…
For all the details leading ujp to the Lycos US sale, read our dedicated company section….
I’m very curious to see how they’ll handle Wired News, mainly ‘cause that’s the closest to my heart
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Money, Companies, Terra Lycos, Countries, Asia, Korea
Rafat Ali
Jul 30, 2004 1:07 PM
If Daum closes the deal with Lycos US, what will it do with the likes of Wired News, Quote.com, Tripod and others? If they would to ask me, I would say: dump Wired News, Quote.com and others unrelated sites, and retool the networking services to the mobile. The battle for…
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Mobile, Companies, Terra Lycos, Countries, Asia, Korea
Rafat Ali
Jul 30, 2004 12:08 PM
From Korean analysts, questioning the value of Lycos to Duam. “The U.S. search engine Internet sites are consolidating around Yahoo, Google and MSN. Even though Lycos is currently ranked sixth, it will be difficult to gain more market share,” said Jang Young-soo, an analyst at Dongbu Securities. “There is not…
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Companies, Terra Lycos, Countries, Asia, Korea
Rafat Ali
Jul 29, 2004 3:08 PM
As I reported first, the companies have made a tentative official announcement: Korean portal Daum is acquiring Lycos USA, even though the negotiations are still going on. The deal could fetch between $95 million and $115 million. The price is slightly above Lycos’s book value of 75 million euros ($90.36…
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Companies, Terra Lycos, Countries, Asia, Korea
Rafat Ali
Jul 28, 2004 11:08 AM
Lycos US has been sold to a South Korean company for between $95 million and $115 million, parent company Terra Lycos said Wednesday. The company’s board had authorized the sale for an initial price of $95-$115 million. A final agreement was still being worked on, it said. The price is…
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Companies, Terra Lycos, Countries, Asia, Korea
Rafat Ali
Jul 26, 2004 2:08 AM
Revenues of 275 million current euros in the first half of 2004, an 8% increase over the same period in 2003. The access business accounted for 43% of Terra Lycos’ revenues; advertising and e-commerce accounted for 25%; communication, portal and content services for 22%; and corporate, SME services and other…
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Money, Earnings, Companies, Terra Lycos, Countries, Europe
Rafat Ali
Jul 2, 2004 1:08 PM
In Europe, that is…Lycos US is up for sale, as you know. Lycos Europe has recently launched a media platform to house its portal and home page, which will help push Lycos customers through to its subscription businesses. These include communications, shopping, Web hosting, chat and communities. Lycos has ear-marked…
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Companies, Terra Lycos, Countries, Europe
Rafat Ali
Jun 22, 2004 11:06 PM
Lycos U.S. is considering four buyout offers, parent company Terra Networks has announced, but stressed that it hasn’t made a final decision on the unit’s future. The final decision will be made soon. FT/Reuters: Its book value today is 75 million euros ($91 million). Despite the huge drop in Lycos’s…
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Money, Companies, Terra Lycos, Countries, Europe
Rafat Ali
Mar 10, 2004 8:03 AM
Man, that’s gotta hurt…Singapore Telecommunications, Southeast Asia’s largest phone company, has sold its 50 per cent stake in the Internet portal Lycos Asia - a venture once valued at $50 million US - for $1…Terra Lycos, now owns the entire venture. Lycos Asia slashed 30 jobs last July, leaving only…
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Companies, Terra Lycos
Rafat Ali
Feb 26, 2004 4:02 AM
Terra Lycos, the global Internet unit of Terra Networks SA of Madrid, was in the black on an EBITDA basis for the first time in its history last quarter, earning 8 million euros, or $10 million. It said it achieved the results by increasing the number of paid subscribers for…
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Money, Earnings, Companies, Terra Lycos
Rafat Ali
Feb 25, 2004 7:03 AM
(sub. req.): Here’s my question: Why? Lycos could be a great case study on how to not to keep flogging a dying horse, but kill it…but that would too much of emotional investment from the people involved.
For more on the sad Lycos saga, read our dedicated company page.
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Companies, Terra Lycos
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