Terra Lycos SA has sold its U.S. subsidiary, Lycos Inc., to the South Korean Internet portal company Daum Communications Corp. in a deal valued at $105 million, Terra Lycos announced Monday.
The deal, which is subject to regulatory approval in the U.S., will not include Terra Networks USA, or Terra's stake in Lycos Europe, as those Lycos assets will be transferred to Terra Lycos prior to the completion of the deal, the Barcelona company said.
Terra originally purchased Lycos, based in Waltham, Massachusetts, in May 2000 in a stock deal worth $12.5 billion. According to Terra Lycos, the Lycos assets it is selling to Daum Communications represented about 16 percent of its total earnings in 2003.
Terra Lycos said the sale is part of its plan to refocus its efforts on geographical areas in which it has significant operations and in the Spanish and Portuguese speaking market. For its part, Daum Communications has been expanding its operations internationally, and last month launched a joint venture in Japan with PoweredCom Inc.
REFERENCES:
Terra Lycos finds buyer for US unit, Jul. 29, 2004
Terra to Buy Lycos in US$12.5B Stock Deal, May 17, 2000
South Korea's Daum discussing Lycos aquisition, Jul. 30, 2004
This whitepaper explains the terminology and concepts behind Data Replication technologies and establishes some sizing rules through worked examples. Learn the new paradigm in disaster tolerance—protect data anywhere.
Download now »
Server virtualization is a popular option for dealing with mounting datacenter costs. Another equally promising approach is the use of an Application Delivery Controller. Citrix NetScaler provides a low-cost way for organizations to reduce their server count and accrue cost savings from a reduction in space, cooling, power and personnel.
Download now »
The emergence of WLANs has created a new breed of security threats to enterprise networks.
Included in HP ProCurve WLAN solutions is security technology that alleviates threats from WLANs through:
* Monitoring wireless activity inside and out of the enterprise
* Classifying WLAN transmissions into harmful and harmless
* Preventing transmissions that pose a security threat to the enterprise network
* Locating participating devices for physical remediation
Effectively address data protection challenges, implementing solutions that help store and protect business–critical data while cutting costs and improving efficiency and reliability.
Download now »
Sign up to receive InfoWorld Resource Alerts
Recommend This
