The acquisition price represented a return of nearly 3000 times the companys initial venture capital investment and about 20 times its initial public offering valuation. The transaction closed in October 2000 and the merged company was renamed Terra Lycos, although the Lycos brand continued to be used in the United States. Overseas, the company continued to be known as Terra Networks.
, Davis concentrated on building the company into an advertising-supported web portal. Lycos enjoyed several years of growth during the 1990s and became the most visited online destination in the world in 1999, with a global presence in more than 40 countries.
activeLycos, Inc. is a search engine and web portal established in 1994. Lycos also encompasses a network of email, webhosting, social networking,Sac Louis Vuitton Pas Cher and entertainment websites.
watch and chat video application with the launch of its Lycos Cinema platform. In February 2007, Lycos MIX was launched, allowing users to pull video clips from YouTube, Google Video, Yahoo! Video and MySpace Video. Lycos MIX also allowed users to create playlists where other users could add video comments and chat in real-time.
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Lycos is a university spin-off that began as a research project by Michael Loren Mauldin of Carnegie Mellon Univloui vuitton bags Wikipedia the free encyclopediaersitys main Pittsburgh campus in 1994. Lycos Inc. was formed with approximately US $2 million ($3.1 million today) in venture capital funding from CMGI. Bob Davis became the CEO and first employee of the new company in 1995. After unsuccessfully attempting to turn the business into a software company selling an enterprise version of the search software
On August 2, 2004, Sac Louis Vuitton Pas Cher Terra announced that it was selling Lycos to Seoul, South Korea-based Daum Communications Corporation for $95.4 million in cash ($117.91 million today), less than 2% of Terras initial multi-billion dollar investment. In October 2004, the transaction closed and the company name was changed back to Lycos Inc. The remaining half of the business owned by Terra was subsequently reacquired by Telefnica.
In 1996, the company completed the stest IPO from inception to offering in NASDAQ history. In 1997, it became one of the first profitable internet businesses in the world. In 1998, Lycos paid $58 million ($83.1 million today) for Tripod in an attempt to break into the portal market.
During 2006, Lycos introduced several media services,longchamp outlet including Lycos Phone which combined video chat, real-time video on demand, and an MP3 player. In August of the same year, a new version of Lycos Mail was released, which allowed sending and receiving large files, including unlimited file attachment sizes. In November 2006, Lycos began to roll out applications centered around social media, including the first
