20040804   

Lycos Sold to Korean Portal Company

Michael considered fate at 12:31   |   Permalink   |   Post a Comment

Lycos, Bought 4 years back by Terra Networks for $12.5 Billion, has been sold by them for a mere $105 million.

Ouch

Let us put that in perspective:

12,500,000,000
   105,000,000

That's like buying a brand new 2005 Ford Taurus SEL (4dr Sedan with a 3 Liter V6) for the MSRP of $22,395 and selling it four years later for $118.12.

Or, less than 1% of it's original value.

Ouch indeed.