Lycos U.S. is considering four buyout offers, parent company Terra Networks has announced, but stressed that it hasn’t made a final decision on the unit’s future. The final decision will be made soon.
FT/Reuters: Its book value today is 75 million euros ($91 million). Despite the huge drop in Lycos’s value since Terra bought it, the sale of the U.S. unit could have a positive effect on Terra’s earnings as the Spanish firm wrote off goodwill on the initial purchase in 2002, the source said.
Related:
– Who Buys Lycos?
– So Who Would Buy Lycos US?
– Lycos US For Sale; Hires Lehman Brothers
For more on Terra Lycos’ woes over the last two year, read our dedicated company page….
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