BULLETIN: Lycos sold for $12.5 billion

Summary:Terra Networks is buying Lycos Inc. in a stock-for-stock transaction valued at $12.

Terra Networks is buying Lycos Inc. in a stock-for-stock transaction valued at $12.5 billion, according to people familiar with the deal. Lycos shareholders would receive $97.55 worth of Terra ordinary shares, or their equivalent Terra American Depository Receipts, the sources said. An official announcement is slated imminently. -- Charles Cooper, ZDNet News

Topics: Tech Industry

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