Sometimes tech mergers look good on paper but flop in practice; here's a look at some of the biggest tech merger failures
Terra Network and Lycos
The Potential: Back in 2000, Lycos was the top search engine and the third-most visited U.S. site. Wanting a piece of this online hotshot, Spanish telecom company Terra Networks put up $12.5 billion. The name changed to Terra Lycos, and then the dot-com bubble blew up in everyone's face.
Why it Failed: The acquisition was approved at $12.5 billion but almost immediately afterward the dot-com bubble started deflating and so did both companies' stock. The value of the deal fell to $4.6 billion by the time it closed. And Lycos began its descent into has-been land.
Related: Tech mergers of 2011
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