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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."

3 of 212 comments (clear)

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

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

  2. 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.

  3. 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.