Near the peak of the internet bubble on May 16, 200, Lycos announced its intent to be acquired by Terra Networks, the internet arm of the Spanish telecommunications giant Telefónica, for $12. Lycos enjoyed several years of growth during the 1990s and became the most visited online destination in the world in 199, with a global presence in more than 40 countries. com and Angelfire are owned by Lycos and Angelfire has a free hosting plan.
New template styles for our Site Builder are added frequently. They think they can’t effect any change in a company because they only own a tiny fraction of a company’s stock. Race against the clock to create winning poker hands. Did you know that investing through a commission based financial planner or stock broker may involve big penalties for pulling your money out and big commissions for the advisor? Although Lycos Europe remains the largest of Lycos’s overseas ventures, several other companies also entered into joint venture agreements including Lycos Canada, Lycos Korea and Lycos Asia. In 1996, the company completed the fastest IPO from inception to offering in NASDAQ history. Under new ownership, Lycos began to refocus its strategy.
On August 2, 2004, Terra announced that it was selling Lycos to Seoul, South Korea-based Daum Communications Corporation for $95. In July 2006, Wired News, which had been part of Lycos since the purchase of Wired Digital in 1998, was sold to Condé Nast Publications and re-merged with Wired Magazine. I stand by my investment principles, my common sense value investing approach and my commitment to clients. The remaining half of the business owned by Terra was subsequently reacquired by Telefónica. In November 2006, Lycos began to roll out applications centered around social media, including the first “watch and chat” video application with the launch of its Lycos Cinema platform. The acquisition price represented a return of nearly 300 times the company’s initial venture capital investment and about 20 times its initial public offering valuation.
We act as trusted financial advisors to individuals and institutions and manage the Lycos Value Fund. If you have responded to such an email, please change your password immediately to keep your account safe. Lycos Europe was a joint venture between Lycos and the Bertelsmann transnational media corporation, but it has always been a distinct corporate entity. If you see such a scam, or if you are in doubt that an email comes from Lycos, report it immediately to Customer Service by submitting a help ticket.
Lycos MIX also allowed users to create playlists where other users could add video comments and chat in real-time. With a new management team in place, Lycos also began divesting properties that were not core to its new strategy. is a search engine and web portal established in 1994. In October 2004, the transaction closed and the company name was changed back to Lycos Inc. Use our quick and easy Shopping Cart Add-on for the Angelfire Site Builder and get an online store up and running in minutes.
Asset and/or performance-based fees, unbiased financial advice. Lycos is a university spin-off that began as a research project by Michael Loren Mauldin of Carnegie Mellon University’s main Pittsburgh campus in 1994. No, there is a better way: investment management through Lycos Asset Management. If you operate a business, e-mail newsletters are open details a great way to get closer to your customers. In 1997, it became one of the first profitable internet businesses in the world.
