RealTime IT News

Si, Lycos Habla Espanol

Corel + Inprise/Borland, Efficient Networks + Network TeleSystems, + Car Rental, GlobeSpan + iCompression, Hallmark Cards + Gift Certificate Centre, +, idealab! +, iXL Enterprises + Redwing Consulting, + Eclipsys, + AG, Red Herring +, 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