Lycos Europe To US: Don’t Worry About The Numbers, Just Buy Us
By Robert Andrews - Wed 14 May 2008 04:11 AM PST
Lycos Europe, which last month put itself up for sale after failing to offer a compelling website for several years, is hoping a US company will make an offer. In a come-and-get-me pitch, CEO Christopher Mohn told FT.com the portal “could have made a much more aggressive play” had it been backed by US shareholders: “A typical US shareholder would look much more aggressively at the upside. European funding is much more risk-averse. In the US you have the feeling that when people believe in an idea and a strategy they don’t mind so much about the numbers.” More here on PC:UK.
Posted in: Countries, UK & Europe, VC+M&A, Mergers & Acquisitions
Tags: lycos europe,
