Lycos Grabs Japanese Venture Partner

Lycos Inc. Friday added major Japanese
media company Kadokawa
Shoten Publishing Co. Ltd. to its Lycos Japan business venture, bringing
the giant $32 million in financing.

Lycos Japan continues to grow in content, services and users. Tripod Japan
was launched earlier this week, registering more than 10,000 users in the
first four days. Tripod.com sites
provide an array of top-notch home page publishing tools, hosting services
and benefits for everyone from beginners to experienced Web masters.

Tripod Europe is now the top community site in Europe, signing up more than
600,000 registered members in just 10 months of operation, and Tripod Korea
registered 80,000 members in its first 10 days. In addition to the Tripod
launch, Lycos Japan has also added a series of new content providers,
including Auto Center, providing users with access to vehicle
specifications and information.

“With the launch of Tripod Japan and the addition of Kadokawa, a cutting
edge Japanese media company, to the partnership, Lycos Japan is now
uniquely positioned to lead the market,” said Bob Davis, president and
chief executive officer of Lycos (LCOS).

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