Lycos Sale Prompts Wave of Nostalgia Across Net
News that Indian online marketing company Ybrant Digital had purchased the search portal Lycos from Korean search outfit Daum Communications caught the tech world by surprise today. Not so much surprise at the deal, but surprise that Lycos, a major Web brand in the late ’90s, was still around. It is, but time has not been kind to its market value. Established in 1994, Lycos was bought first by Spain’s Terra Networks in 2000 for about $12.5 billion, then by Daum in 2004 for about $95 million. Ybrant picked it up for $36 million cash.
