Once sold for $12.5b, Lycos has $36m price tag
Lycos Inc., a one-time darling of the dot.com age that sold for $12.5 billion about a decade ago, is getting a new owner.
Ybrant Digital, an Indian company that provides end-to-end of digital marketing solutions, announced the signing of the stock purchase agreement to acquire
Lycos, a brand of search based internet properties and services, from Daum Communications of South Korea for $36 million. Lycos was formerly based in Waltham.
A Spanish company called Terra Networks agreed to pay $12.5 billion for Lycos in 2000. About four years later, Lycos was sold to Daum, an operator of Korean websites, for $95 million, according to a Globe story then.
In the mid 1990s, Lycos's Internet search engine rivaled Yahoo, that story noted, but a decade later, Lycos was a distant also-ran among Web portals and sites.
According to Ybrant Digital's press release, Daum reorganized the business of Lycos in 2009 and has turned Lycos profitable.