Feeds

Lycos seeks investment partner, preferably non-smoker

Portal offers 20 per cent stake in return for cross-media promotional deal

  • alert
  • submit to reddit

Top 10 endpoint backup mistakes

Internet portal Lycos has confirmed it is seeking a partner to bring more than a little development funding to the company. According to Eric Gerritsen, Lycos' VP for international business development, quoted in the Financial Times, the company is in "informal discussions" with a number of media and telecoms operations. On the table is at least 20 per cent of Lycos -- Gerritsen said the company as a whole was not up for sale. The investment could total $1 billion, he added. Still, Lycos' motives are apparently not financial. Gerritsen claimed the company doesn't need the money -- "but we could do with the global clout a large media or telecoms group would bring". Its pitch to possible buyers is presumably in the form of a once-in-a-lifetime opportunity to get into the portal business easily. While Lycos was yesterday trumpeting market research data that put it a gnat's wing behind Yahoo! in terms of audience reach (see earlier story) -- almost certainly in a move to improve its negotiating position -- it neglected to mention that the same data still leaves it some way behind AOL. Lycos was one of the first Internet search engine services, and the first to go public, but has generally failed to achieve as high a market profile of Yahoo!, Infoseek and Excite. That's largely because its strategy has been more focused on building a range of branded Web sites, such as Tripod and HotBot (acquired through the company's purchase of Wired magazine's online resources), rather than on a single, readily identified brandname. A deal with the likes of Germany's Bertelsmann (which already owns a share of AOL UK, along with AOL itself), Microsoft, CBS or even online retailer Amazon.com, all of whom have been mooted as investors in or buyers of Lycos, would give it the cross-media promotion it needs to raise its profile to the level of the other leading portals. ®

A new approach to endpoint data protection

More from The Register

next story
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?