M&A Deal Summary

Daum Communications Acquires Lycos

On August 2, 2007, Daum Communications acquired internet software and services company Lycos from Terra Networks SA for 95M USD

Acquisition Highlights
  • This is Daum Communications’ 1st transaction in the Internet Software and Services sector.
  • This is Daum Communications’ largest (disclosed) transaction.
  • This is Daum Communications’ 1st transaction in the United States.
  • This is Daum Communications’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2007-08-02
Target Lycos
Sector Internet Software and Services
Buyer(s) Daum Communications
Sellers(s) Terra Networks SA
Deal Type Divestiture
Deal Value 95M USD

Target

Lycos

Waltham, Massachusetts, United States
Lycos, Inc. is a provider of an Internet portal and e-commerce destination in Korea. Lycos, Inc. creates and operates search, community and technology lifestyle sites including Lycos.com, Hotbot.com, Wired.com, Tripod.com, Angelfire.com and Quote.com. Other Lycos products and sites include Lycos Mail, Gamesville and GetRelevant.

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Buyer(S) 1

Buyer

Daum Communications

Jeju, South Korea
Category Company
Founded 1995
Sector Internet Software and Services
Employees2,652
DESCRIPTION

Daum Communications Corp. is a provider of on-line advertising and transaction services.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Terra Networks SA

Barcelona, Spain
Category Company
Founded 1998
Sector Internet Software and Services
Employees1,606
DESCRIPTION

Terra Networks SA is a provider of online spanish and portuguese speaking services.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 Lycos

Waltham, Massachusetts, United States

Lycos, Inc. is a provider of an Internet portal and e-commerce destination in Korea. Lycos, Inc. creates and operates search, community and technology lifestyle sites including Lycos.com, Hotbot.com, Wired.com, Tripod.com, Angelfire.com and Quote.com. Other Lycos products and sites include Lycos Mail, Gamesville and GetRelevant.

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