Ybrant Digital
India's Ybrant acquires Lycos from Korean firm
Submitted by Keshav Seth on Wed, 08/18/2010 - 01:41.
Ybrant 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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