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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."

8 of 212 comments (clear)

  1. 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!

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

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

  3. 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.

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

    Well.. my guess is 11.895 billion.

    --
    Not Meta-modding due to apathy.
  5. 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.

  6. 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....

  7. 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."
  8. The Investors Creed by Velcroman98 · · Score: 4, Funny

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

    --
    Kevin
    Irrational Diversions