By Rafat Ali - Wed 10 Mar 2004 05:03 AM PST
Man, that’s gotta hurt...Singapore Telecommunications, Southeast Asia’s largest phone company, has sold its 50 per cent stake in the Internet portal Lycos Asia - a venture once valued at $50 million US - for $1...Terra Lycos, now owns the entire venture.
Lycos Asia slashed 30 jobs last July, leaving only a skeleton staff.
Posted in: Companies, Terra Lycos
Why don't you make one?
paidContent.org feed mocoNews.net feed paidContent.co.uk feed contentSutra.com feed
View all feeds »paidContent.org, flagship of the ContentNext Media network, provides global coverage of the business of digital content.
Rafat Ali
Publisher & Co-Editor
Staci D. Kramer
Co-Editor
David Kaplan
Senior Correspondent
Joseph Weisenthal
Correspondent
Robert Andrews
U.K. Editor
Amanda Natividad
Editorial Producer
The economics of social media continue to heat up, with ever more buzz created in new and growing market categories. This report examines the categories, number and size of investment and acquisitions into social media and the resulting value created from 2007 through 2008. Order your report today to analyze deals made by Yahoo, Disney, Google, AOL, CBS, Hearst, Microsoft and many more.
This work is licensed under a CreativeCommons License.
Copyright ContentNext Media Inc. 2002—2008
