Feeds

Lycos Europe buys Multimania for £130m

The new number two Web site in France

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Lycos Europe has coughed up E222 million (£129 million) for French portal Multimania, making the combined entity the second largest Web site in France - according to Lycos.

We don't know what the number one is - probably Wanadoo or something. Anyway, it's a share-for-share thing - seven Lycos Europe shares for every three Multimania. The price tag values Multimania nearly ten per cent over its share price before the deal was announced.

Before the deal, Lycos was the tenth largest French Web site and Multimania came in seventh, said Lycos. The acquisition was popular with the stock market - Lycos shares went up 2.4 per cent.

Lycos Europe bought the Swedish equivalent of Multimania, Spray Network, last month for E674 million (£391 million). Do you see a pattern forming? ®

New hybrid storage solutions

More from The Register

next story
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Forget silly privacy worries - help biometrics firms make MILLIONS
Beancounter reckons dabs-scanning tech is the next big moneypit
Microsoft's Office Delve wants work to be more like being on Facebook
Office Graph, social features for Office 365 going public
Alibaba swings a large one with STONKING IPO legal bills
Chinese e-commerce beast searches for $21bn from investors
EMC has nothing to say on VMware sale plan
Rumour and counter-rumour swirl around Wall Street
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.