Terra Lycos to sell web portal unit free review Terra Lycos is selling its Lycos Inc. web portal business in Waltham to South Korea-based Daum Communications Corp. for $95 million in cash and $10 million in real estate guarantees.  Daum Communications To Buy Lycos (http://www.webpronews.com/news/ebusinessnews/wpn-45-20040802DaumCommunicationstobuyLycos.html , WebProNews) Terra to sell Lycos for $95 mn to Daum (http://www.newratings.com/new2/beta/article_451609.html , New Ratings)   
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Terra Lycos to sell web portal unit

Terra Lycos is selling its Lycos Inc. web portal business in Waltham to South Korea-based Daum Communications Corp. for $95 million in cash and $10 million in real estate guarantees.

Updated Aug 2, 2004 19:07:02
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AuthorBoston Business Journal
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Description:
Daum Communications To Buy Lycos (http://www.webpronews.com/news/ebusinessnews/wpn-45-20040802DaumCommunicationstobuyLycos.html — WebProNews)
Terra to sell Lycos for $95 mn to Daum (http://www.newratings.com/new2/beta/article_451609.html — New Ratings)

Similar news:
  • Korean Daum to Aquire US Search Portal Lycos - Daum Communication Corp., Korea's largest Internet portal, announced they would acquire US search portal Lycos.
  • Terra Lycos sells Lycos to Daum for $105 million - Terra Lycos SA has sold its US subsidiary, Lycos Inc., to the South Korean Internet portal company Daum Communications Corp. in a deal valued at $105 million, Terra Lycos announced Monday.
  • Terra to sell Lycos unit for $95m - Four years after being bought by Spanish owners for $12.5 billion, the Lycos Inc. Internet operation formerly based in Waltham is now set to be acquired for just $95 million by a South Korean company.
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