Lycos, Inc., is a web search engine and web portal established in 1994, spun out of Carnegie Mellon University. Lycos also encompasses a network of email, webhosting, social networking, and entertainment websites. The company is based in Waltham, Massachusetts, and is currently a subsidiary of Kakao .
When did Lycos buy tripod?
In 1998, Lycos acquired Tripod.com for $58 million in an attempt to “break into the portal market”. Lycos started offering e-mail services in October 1997. Lycos Europe was a joint venture between Lycos and the Bertelsmann transnational media corporation, but it has always been a distinct corporate entity.
What happened to Lycos MIX?
Lycos MIX also allowed users to create playlists where other users could add video comments and chat in real-time. As part of a corporate restructuring to focus on mobile, social networks and location-based services, Daum sold Lycos for $36 million in August 2010 to Ybrant Digital, an Internet marketing company based in Hyderabad, India.
How much did Ybrant pay Daum for Lycos?
Ybrant Digital paid $20 million at signing and there has been a legal dispute over magnitude of the second installment between Ybrant and Daum. In 2018, a New York court ruled in favor of Daum and appointed Daum (by then merged with Kakao) as receiver of Ybrant’s 56% ownership interest in Lycos.
When did Lycos start offering email?
In 1997, it became one of the first profitable Internet businesses in the world. In 1998, Lycos acquired Tripod.com for $58 million in an attempt to “break into the portal market”. Lycos started offering e-mail services in October 1997.
What happened to Lycos search engine?
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. Having been set back by the dot-com bubble burst, Lycos abandoned its own search crawler in late 2001, and started using FAST.
