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 €200 million - about €40 million more than Lycos Europe’s market value, according to FT Deutschland. Dresdner Kleinwort is the bank leading the sale and the outfit appointed KPMG to do next year’s accounts.

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