{"id":17,"date":"2004-08-02T02:03:45","date_gmt":"2004-08-02T10:03:45","guid":{"rendered":"http:\/\/www.onecle.com\/blog\/2004\/08\/02\/pennies-on-the-dollar\/"},"modified":"2004-08-02T02:03:45","modified_gmt":"2004-08-02T10:03:45","slug":"pennies-on-the-dollar","status":"publish","type":"post","link":"https:\/\/www.onecle.com\/blog\/2004\/08\/02\/pennies-on-the-dollar\/","title":{"rendered":"Pennies on the Dollar"},"content":{"rendered":"<blockquote><p><b>Reuters<\/b>: <a href=\"http:\/\/www.reuters.com\/newsArticle.jhtml?type=internetNews&#038;storyID=5839577\">S. Korea&#8217;s Daum to Buy Lycos for $95 Mln<\/a>. South Korea&#8217;s top Web site operator Daum Communications Corp., said on Monday it would acquire Lycos Inc., the U.S. business of Spain&#8217;s Terra Lycos, owner of popular sites such as Wired News and Tripod, for $95 million.<\/p><\/blockquote>\n<p>Back in May of 2000, <a href=\"http:\/\/contracts.onecle.com\/lycos\/terra.mer.2000.05.16.shtml\">Terra Networks acquired Lycos<\/a> for $12.5 billion.  Fortunately, it was an all-stock deal.  Unfortunately, the $95 million sales price isn&#8217;t even pennies on the dollar.  More like 7 cents per 10 dollars.  Anyways, <a href=\"http:\/\/contracts.onecle.com\/alpha\/7466.shtml\">Lycos<\/a> and <a href=\"http:\/\/contracts.onecle.com\/alpha\/6757.shtml\">Terra Networks<\/a> contracts have been added to the site.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters: S. Korea&#8217;s Daum to Buy Lycos for $95 Mln. South Korea&#8217;s top Web site operator Daum Communications Corp., said on Monday it would acquire Lycos Inc., the U.S. business of Spain&#8217;s Terra Lycos, owner of popular sites such as Wired News and Tripod, for $95 million. Back in May of 2000, Terra Networks acquired [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-17","post","type-post","status-publish","format-standard","hentry","category-corporate-buzz"],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/posts\/17","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/comments?post=17"}],"version-history":[{"count":0,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/posts\/17\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/media?parent=17"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/categories?post=17"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/tags?post=17"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}