LYCOS RETRIEVER 
Lycos Search: Terra Lycos
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Near the peak of the internet bubble in May of 2000 Lycos announced its intent to be acquired by Terra Networks, S.A., the internet arm of the Spanish telecommunications giant, Telefonica, for $5.4 billion. However, by this time the business had peaked and Lycos was being eclipsed by other search giants such as Yahoo, Ask, and Google. The acquisition price represented a nearly 3,000 times return on the initial venture capital investment in Lycos and about 20 times its initial public offering valuation. The transaction closed in October of 2000. The merged company was renamed Terra Lycos yet the Lycos brand was the US franchise. Overseas, the company continued to be known as Terra Networks, S.A.
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Near the peak of the internet bubble in May of 2000 Lycos announced its intent to be acquired by Terra Networks, S.A., the internet arm of the Spanish telecommunications giant, Telefonica, for $5.4 billion. The acquisition price represented a nearly 3,000 times return on the initial venture capital investment in Lycos and about 20 times its initial public offering valuation. The transaction closed in October of 2000. The merged company was renamed Terra Lycos yet the Lycos brand was the US franchise. Overseas, the company continued to be known as Terra Networks, S.A. Davis left the company shortly after the merger was completed to join Highland Capital Partners, a premier venture capital fund, where he now serves as a Managing General partner and concentrates on internet investments.
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Internet search has been a key market for Terra Lycos, providing a majority of the company's revenues. Over the last six to eight months the company has been investing heavily in its search technologies and products, Wilde said, rolling out new search subscription and hosting services.
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Terra Lycos holds the leading position in four of its eight primary markets. It holds the number one position in Canada, Korea, Latin America, and the U.S. Hispanic market. Other target markets for Terra Lycos include Asia, Europe, Japan and United States as a whole. Terra Lycos has the largest global footprint of any Internet portal with more than 140 sites in 41 countries through its network of Web sites as well as through joint venture partnerships.
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Terra Lycos is a global Internet group, with a presence in 40 countries in 19 languages. The group, which resulted from Terra Networks, S.A’s acquisition of Lycos, Inc. in October of 2000, operates some of the most widely visited Web sites in the US, Europe, Asia and Latin America, and is the largest access provider in Spain and Latin America. Terra Lycos’ network of Web sites includes Terra in 18 countries, Lycos in 22 countries, Angelfire.com, Atrea.com, Azeler.es, Educaterra.com, Gamesville.com, HotBot.com, Ifigenia.com, Invertia.com, Lycos Zone, Maptel.com, Matchmaker.com, Quote.com, RagingBull.com, Rumbo.com, Tripod.com, Uno-e.com and Wired News (Wired.com), among others. Terra Lycos, with headquarters in Barcelona and operating centers in Madrid and Boston, as well as elsewhere, is listed on the Madrid stock exchange (ticker: TRR) and on the NASDAQ electronic market (ticker: TRLY).
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In August 2, 2004, Terra announced that it was selling Lycos to Seoul, South Korea-based Daum Communications Corporation for $95.4 million in cash, less than 10% of Terra's initial multi-billion investment. In October 2004, the transaction closed, and the company name was changed back to Lycos, Inc.[2] The remaining Terra half of the business was subsequently reacquired by Telefónica.
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