TITLE

Lycos Europe to Sign Off

AUTHOR(S)
Schachter, Ken
PUB. DATE
November 2008
SOURCE
Red Herring;11/26/2008, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on a plan of online portal Lycos Europe to liquidate and distribute 50 million euros to its shareholders by the end of 2009. The company is jointly controlled by German media giant Bertelsmann and Spanish telecommunications provider Telefonica. Lycos has been seeking a buyer or merger partner. Lycos' management and supervisory boards had decided to try to sell its domains, Danish portal and shopping units and to close down its portal and web-hosting operations. Lycos' shares were flat at .24 euros in Germany's Xetra exchange.
ACCESSION #
36586226

 

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