Lycos Considering Four Buyout Offers
By Rafat Ali - Tue 22 Jun 2004 08:06 PM PST
Lycos U.S. is considering four buyout offers, parent company Terra Networks has announced, but stressed that it hasn’t made a final decision on the unit’s future. The final decision will be made soon.
FT/Reuters: Its book value today is 75 million euros ($91 million). Despite the huge drop in Lycos’s value since Terra bought it, the sale of the U.S. unit could have a positive effect on Terra’s earnings as the Spanish firm wrote off goodwill on the initial purchase in 2002, the source said.
Related:
-- Who Buys Lycos?
-- So Who Would Buy Lycos US?
-- Lycos US For Sale; Hires Lehman Brothers
For more on Terra Lycos’ woes over the last two year, read our dedicated company page....
Posted in: Companies, Terra Lycos, Countries, UK & Europe, Money, VC+M&A
