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8/2/2004

How to Lose $12.395B in 4 Years or the Story of Lycos.com

Filed under: — dan @ 11:31 pm

Bwahahahah… Hey, at least wooba.com has not lost $12B in value the past 5 years. Ya know, I’d be willing to bet the South Koreans can do something with this company. At least not lose $12B. Did I mention that’s $12,000,000,000 dollars? Like not pesos or dinar or whatever? Dollars! Now, when are we gonna get that 30Mbps fiber Internet connection like they have over there in South Korea?
—-
A Korean Internet company is buying Lycos Inc. and its network of Web sites for $105 million.

Terra Networks, based in Madrid and part of telecommunications company Telefónica SA, had bought Lycos in 2000 for $12.5 billion, calling the combined company Terra Lycos.

http://www.eweek.com/article2/0,1759,1630612,00.asp

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