Reuters: S. Korea’s Daum to Buy Lycos for $95 Mln. South Korea’s top Web site operator Daum Communications Corp., said on Monday it would acquire Lycos Inc., the U.S. business of Spain’s Terra Lycos, owner of popular sites such as Wired News and Tripod, for $95 million.
Back in May of 2000, Terra Networks acquired Lycos for $12.5 billion. Fortunately, it was an all-stock deal. Unfortunately, the $95 million sales price isn’t even pennies on the dollar. More like 7 cents per 10 dollars. Anyways, Lycos and Terra Networks contracts have been added to the site.