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Lycos Europe Starts Talking With Suitors In EU, US, Asia

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Lycos Europe, which started a strategic review this month after failing to modernise the once-mighty portal, says it has multiple interested parties on the table (but then, it would do). A statement emerged after this morning’s annual general meeting in Amsterdam: “Investors from the US, Asia and Europe have announced an interest. The company will now enter into discussions with interested parties.” The outfit reckons a sale will be complete in the second half of the year.

Bertlesmann and Telefonica (NYSE: TEF), which own 32.1 percent each, have reportedly been asking for around