Cmgi Suitors Coming For Lycos
March 10, 1999 12:01 am ET CMGI Inc., the largest shareholder of Lycos Inc., has hired investment bank Morgan Stanley Dean Witter & Co. to seek other suitors for Lycos in a bid to quash the. Mar 15, 1999 9:20 AM CMGI: Suitors Coming for Lycos Since announcing it would not support the USA Networks bid for Lycos, CMGI has been shopping for other suitors. It's found some, says a.
CMGI Inc, which hit the headlines recently as the largest shareholder in Lycos Inc and the biggest thorn in the side of Barry Diller and USA Networks Inc, View all newsletters. Receive our newsletter - data, insights and analysis delivered to you. CMGI Could Announce New Lycos Suitor in "Several Days". CMGI chief executive David Wetherell noted that CMGI or another party could make a better offer for Lycos than USA Networks. Analysts point to the usual suspects as potential Lycos suitors.
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-0.41% NEW YORK (CBS.MW) -- The battle for control in the Lycos-USA Networks deal took a dramatic turn Monday when a CMGI partner said the firm has been approached by others willing to pay a.
Lycos Inc. shares soared after CMGI chief David Wetherell resigned from the portal's board in protest of the company's planned merger with USA Networks.
News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services.
CMGI CMGI , Lycos' LCOS largest shareholder, said it is "generally supportive" of Lycos' merger with USA Networks USAI but that it "reserves the right to
CMGI Casts Doubt on Merger, Sending Shares of Lycos Surging. Share. Resize.
Last week, CMGI chairman David Wetherell resigned from the Lycos board to try to woo other potential suitors for Lycos or to press for a renegotiation of the original deal. Lycos stock has.
CMGI's Wetherell quits the Lycos board and a prominent Net analyst sniffs at the deal's prospects.
In addition to the resignation of David Wetherell, the chief executive of internet venture capital company CMGI, from the board of Lycos Inc this week, it. View all newsletters. Receive our newsletter - data, insights and analysis delivered to you . All Sections. Search . In this section. Cybersecurity; Digital economy.
Alternate Lycos suitors on hold Despite efforts to line up competing buyout offers for Lycos, no one is expected to step forward until after shareholders vote on the proposed USA Networks.
He's on a quest to get Lycos a better deal than the proposed merger with Ticketmaster Online-CitySearch and USA Networks.
News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services.
Shares in internet investment company CMGI Inc soared on Monday amid optimism that a better deal would be found for 18.5%-owned Lycos Inc. CMGI jumped $28.625, or 17.45%, to close at $192.625. Lycos also gained ground, rising $7.125 to close at $105.75.
The Wall Street Journal reported Friday that CMGI Inc. (Nasdaq: CMGI) had held talks with Lycos Inc.
What can CMGI do with two portals? With major stakes in AltaVista and Lycos, CMGI finds itself owning two birds of a similar feather, and some analysts speculate that the company may have to let.
CMGI Inc, which hit the headlines recently as the largest shareholder in Lycos Inc and the biggest thorn in the side of Barry Diller and USA Networks Inc, has a lot of other sides to it, but it's Lycos that still dominates. Yesterday, the Boston Globe quoted CMGI as saying that a new suitor for Lycos could be announced within "several days."
CMGI cites Lycos suitors March 15, 1999: 12:55 p.m. ET Firm's managing director says third parties have expressed interest in portal
Regardless of what CMGI ultimately decides to do, the mere notion that it was against the deal helped fuel a rally in Lycos shares, which jumped $16, or more than 18%, to close at $103.25 Thursday. The shares had lost 31% of their value in the previous two days, shaving about $2bn off the company's market value.
CMGI says it will fold Tribal Voice into email software company Activerse, another recent purchase. The resulting company will sell real-time communications and instant messaging software company under the Tribal Voice name. Tribal Voice was founded in 1994 by John McAfee, of anti-virus fame. Licensees of the company's Powwow server software.
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