Slashdot Mirror

← Back to Stories (view on slashdot.org)

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."

4 of 212 comments (clear)

  1. So... by lingqi · · Score: 4, Informative

    Lycos owns Wired and Webmonkey and a slew of other actually really cool stuff right...
    I even vaguely remember monster.com being part of their network.

    Lycos portal I don't care, what happens to these?

    --

    My life in the land of the rising sun.

  2. Nothing by Anonymous Coward · · Score: 4, Informative

    They weren't sold

  3. Re:Terra is that strong? by lothar97 · · Score: 4, Informative

    I imagine most of the "loss" was in intangible assets, such as brandnames, goodwill, etc. To buy Lycos, Inc., Terra just printed $12.5 billion in stock certificates (see this article), which made the then stockholders of Lycos (valued in 2000 at $70ish per share) significantly happy. Terra is owned by Telifonica, which is the national phone company of Spain.

    --

  4. Re:I sure hope they bought this domain too. by Achoi77 · · Score: 4, Informative

    I know it's meant to be a joke, but Koreans can pronounce their L's fine. Actually, they can have more trouble pronouncing R's. Which means that Lycos would be preferred over Rycos. Don't confuse Japanese with Korean.