The purchase of the personal classifieds site is valued at about $44 million in cash, plus the assumption of matchmaker.com's stock option plan.
The purchase expands Lycos's offerings, increases the frequency and duration of visits to its network and adds to the company's overall revenues, according to Bob Davis, president and chief executive officer of Lycos.
"The acquisition will further strengthen our community offering and will be a great addition to our network of leading Web brands," Davis said. "With Matchmaker.com, Quote.com and Gamesville.com, the Lycos Network will own three of the stickiest sites on the Internet."
Matchmaker.com is designed to help foster relationships. The site is organized by metropolitan area and affinity groups, and each member fills out a comprehensive questionnaire and can upload pictures to the site.
RELATED ARTICLES
Lycos's Tripod Offers Web Site Building Tool
Terra, Lycos Finally Seal $12.5 Billion Deal
Lycos: Jumping On the Wireless Bandwagon
Tools, including search, browsing, compatibility function, email and chat, are offered to help the user hone in on the people they want to get to know.
The acquisition is expected to close in Lycos's first fiscal quarter and is subject to the approval of Metrosplash's shareholders. Matchmaker.com will be relocated from Dallas to Lycos's Waltham, Mass., headquarters.
The purchase marks the latest in a string of deals executed in recent
years by Lycos. Lycos itself is being acquired by Terra Networks
of Spain in a multibillion-dollar transaction.
LATEST NEWS
New Calls for Global Web Censorship Probe
Murdoch Balks at Twitter Buy, MySpace Sale
Breaches Hit 70% of UK Enterprises, Study Finds
Senate Nears Vote on Rethinking U.S. Spectrum
Why IE Doesn't Support HTML 5 Video (Yet)







Digg
Del.icio.us
furl
StumbleUpon
Facebook
Tailrank
Technorati
Google Bookmarks
Yahoo Favorites
Windows Live
Ask
More stories by this author
