Terra Lycos has chosen a potential buyer for its U.S. Lycos subsidiary, the Barcelona provider of Internet access, services and content disclosed Wednesday in a filing with Spain's Comisión Nacional del Mercado de Valores, the agency in charge of supervising the country's stock markets and related activities.
The sale price will be in the range of $95 million to $115 million, the filing states. This is a far cry from the $12.5 billion Terra paid for the Waltham, Massachusetts-based Lycos in the heady days of the Internet frenzy in May 2000. Terra Lycos, with its largest base of operations in Madrid, will disclose the potential buyer's name when the two parties reach a definitive agreement, according to Wednesday's filing.
Prior to the sale, some Lycos Inc. assets will be transferred over to Terra Lycos, including Lycos Inc.'s stakes in the Terra Networks USA and Lycos Europe units. Terra Networks USA's most visible activity is the operation of the Terra.com portal for U.S. Hispanics, a Terra Lycos spokeswoman said. Meanwhile, Lycos Europe operates a network of European Web sites in various languages and provides a variety of Internet services and content, according to information found on its Web site (www.lycos-europe.com).
The decision to sell Lycos Inc. comes after Terra Lycos said in an April filing with the Spanish stock exchange commission that it was reviewing some of its operating units, and that as part of the process it was considering several options for Lycos Inc., although no specific decision was made at the time.
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 Applications Resource Alerts
1 Recommendation
