Feeds

Lycos Europe buys Multimania for £130m

The new number two Web site in France

  • alert
  • submit to reddit

Maximizing your infrastructure through virtualization

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? ®

The Power of One Infographic

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
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
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
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
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
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.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
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.