Lycos

India's Ybrant acquires Lycos from Korean firm

India's Ybrant acquires Lycos from Korean firmYbrant Digital has acquired Lycos Inc from Korean Internet Company, Daum Communications for $36 million. The total money was paid in cash.

The Hyderabad-based company has made this takeover so that it has a stronger footing in the field of digital marketing solutions.

Now priced at $36 million, the price of Lycos when it was bought over by Terra Networks was $13 billion. The price of the company has nosedived since it was first taken over from Spanish telecom giant Telefonica in 2000.

The price that Terra paid for this was $95 million.



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