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Lycos Sold To South Korean Company

Posted by timothy on from the profit-and-loss dept.

maggeth writes "Terra Networks has finally decided to dump its struggling web portal, Lycos, to the South Korean-based Daum Communications Corp. Terra bought Lycos for $12.5 billion and they managed to sell if for $105 million. More details at the story on eWeek."

20 of 212 comments (clear)

  1. Worth it? by Anonymous Coward · · Score: 2, Funny

    Man, the dot com boom was something eh. $12 billion? And now they sold it at $105 million, I wonder how much they lost.

    1. Re:Worth it? by TeraCo · · Score: 4, Funny

      Well.. my guess is 11.895 billion.

      --
      Not Meta-modding due to apathy.
  2. Korea? Great. by Anonymous Coward · · Score: 2, Funny

    Guess you'll have to log in as user "test" or "guest"

  3. So is this method not working? by chill · · Score: 2, Funny

    1. Make oodles of faux cash in the Internet Bubble
    2. Blow an obscene amount buying an overhyped buzzword (portal)
    3. ??
    4. Profit! Not!

    --
    Learning HOW to think is more important than learning WHAT to think.
  4. What a Bargain by wayward · · Score: 4, Funny

    I just took a look at the Lycos website. Loud ads AND search functionality for a mere $105 million? What a steal!

  5. It's okay by Anonymous Coward · · Score: 5, Funny

    The Slashdot 503's will probably be fixed someday, and then you'll feel better.

  6. New variant of an old joke. by Anonymous Coward · · Score: 5, Funny
    How do you make a small fortune out of the dot com boom?

    Start with a large one.

  7. I should have been a stock broker... by isd_glory · · Score: 5, Funny

    Hm... $12.5 billion can buy about 925 million 12-packs of bottled Guinness Draught. At the 5 cent per bottle recycling rate in NY state, that would net about $555 million.

    The moral of the story: beer is always a safer investment than struggling dotcoms.

    1. Re:I should have been a stock broker... by wiresquire · · Score: 2, Funny

      925 million 12 packs of beer on the wall
      925 million 12 packs of beer
      take one down
      pass it around
      924 million 9 hundred and 99 thous...

      err, fuck it and pass me a beer.

      --

      So does Anonymous Coward have good karma?

    2. Re:I should have been a stock broker... by syousef · · Score: 3, Funny

      Hm... $12.5 billion can buy about 925 million 12-packs of bottled Guinness Draught. At the 5 cent per bottle recycling rate in NY state, that would net about $555 million.

      Free as in beer? *smirk* I like that thinking. Can we submit this as proof that you can make money out of a free as in beer software business?

      And of course the only problem is disposing of the beer....buddy, friend, pal.

      --
      These posts express my own personal views, not those of my employer
    3. Re:I should have been a stock broker... by Lost+Dragon · · Score: 2, Funny

      Even smarter would be to go to Michigan where they give you 10 cents per bottle, and you could effectively double that.

      No, no! Don't try it man! And especially not with a postal truck....

  8. I sure hope they bought this domain too. by Anonymous Coward · · Score: 2, Funny

    rycos.com

  9. Not too bad a deal by r_j_prahad · · Score: 4, Funny

    Terra bought Lycos for $12.5 billion and they managed to sell if for $105 million.

    Not so bad a deal that they can't make up for it in volume....

  10. I remember... by Cyno01 · · Score: 4, Funny

    Back in middle school, using lycos picture search for porn. Bout the only thing its ever been good for...

    --
    "Sic Semper Tyrannosaurus Rex."
  11. That aspirating sound and rustling bills... by Marko+DeBeeste · · Score: 2, Funny

    .... is simply modern Lycos-suction

    --
    Faith: n. -- That human impulse that drives them to steal appliances when the power goes out
  12. The Investors Creed by Velcroman98 · · Score: 4, Funny

    It's supposed to be buy low sell high, did they forget?

    --
    Kevin
    Irrational Diversions
  13. Wha? by gwoodrow · · Score: 2, Funny

    Lycos was still around?

  14. but Lycos is the best place in the Internet by rggoldie · · Score: 3, Funny
    It's hard to believe Lycos could fall so far when their "high octane site yields access to literally everything that makes the information age great." Lycos Culture
    Our Culture - What Do We Do? Lycos is the most exciting online service in existence. Combining elements of navigation, community and commerce, we forge speedily ahead in our goal to become the most visited online destination in the world. Lycos gains our followers the old fashioned way...we earn them. Our interactive products and an unmatched customer focus guarantee us a spot at the zenith of the World Wide Web. One quick browse through our high octane site yields access to literally everything that makes the information age great. Join Lycos and secure yourself a place in the future of the Internet.
  15. Re:Gone downhill by Graelin · · Score: 3, Funny

    What a world we live in. What happened to the nice Lycos dog?

    Well, I don't have this first hand but they say he had a nasty run in with drugs... PHP maybe... He was known to burn his Lycos shares just to try the new designer drugs.. then came the booze... and the hookers.. One day, the cops found him face down in his own vomit on the sidewalk all coked up. They put him in the slammer for 20 to life where is is now known as Spot the Bead Freak. (Don't ask...)

    What a world indeed.

  16. Re:how long has it been? by XemonerdX · · Score: 1, Funny

    Yup, by .