Feeds

Terra and Lycos a go-go

World domination only a click away

  • alert
  • submit to reddit

Top three mobile application threats

Shareholders of Terra Networks have given their blessing for the Spanish company to acquire Lycos.

The investors' thumbs-up is another tick in the box for Terra in its bid to acquire the Net company. The go-ahead was given despite some investors complaining that the $12.5 billion price tag was just too much.

Once the deal is complete, Terra Lycos will become the third-largest Net operator in the world and the biggest in terms of its geographical spread.

It will have operations in some 37 countries with plans to develop new markets in the Arab world, China, India, and Eastern Europe.

What's more, it will also have the resource and size to target the 500 million Spanish and Portuguese speakers around the world.

Juan Villalonga, chairman of Terra Networks, told the company's first annual shareholders' meeting: "The acquisition of Lycos is the great leap that will allow us to position ourselves as a truly global company."

"With Lycos, we will create a new platform, not only to enter into the North American market, but to aspire to worldwide leadership," he said. ®

The Essential Guide to IT Transformation

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
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.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.