RealTime IT News

Si, Lycos Habla Espanol

Corel + Inprise/Borland, Efficient Networks + Network TeleSystems, GenesisIntermedia.com + Car Rental Direct.com, GlobeSpan + iCompression, Hallmark Cards + Gift Certificate Centre, HealthZone.com + HealthShop.com, idealab! + Spun.com, iXL Enterprises + Redwing Consulting, Neoforma.com + Eclipsys, QXL.com + Ricardo.de AG, Red Herring + StockMaster.com, Terra Networks + Lycos



 Terra Networks (TRRA) acquires Lycos (LCOS)

 

   *  Amount:         $12.5 billion

 

   *  Terms:            $97.55 per LCOS share
 

   *  Premium:        50%

 

   *  Industry:        Search/Portals

 

   *  Scorecard:      A-

 


    MADRID, May 16--Terra Networks, S.A. , provider of Internet access and interactive content and services to the Spanish- and Portuguese-speaking world, and Lycos , the Internet's leading multi-brand network, today announced a definitive merger agreement under which Terra will acquire