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Is Lycos Europe Any Closer To Finding A Buyer?

It was back in April that Lycos Europe, after failing to reinvent the once-mighty portal for today’s web, put itself up for sale. Still no word on who might buy the network or for how much. Though Lycos issued a come-and-get-me to AOL (NYSE: TWX) and Tomorrow Focus, no actual suitors been named in anything resembling a leak or speculation. The company in May said it was entering takeover talks with interested parties in the US, Asia and Europe. But today Lycos Europe today told me: “For the moment, there are no updates to be made.” Does anyone know what’s going on?

Aug 1, 2008 10:21 AM ET
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Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, lycos europe

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