Business Services Industry
Web Search Engine Firm Lycos Buys Oakland, Pa.-Based Software Company.
Knight Ridder/Tribune Business News, April, 1998 by Newman, Michael
Knight Ridder/Tribune Business News
May 1--In a deal that brings together two Pittsburgh-born startups to create a challenge to the one of the Internet's most successful companies, Lycos yesterday acquired WiseWire for almost $40 million in stock.
The purchase will allow Lycos, which operates a Web site that allows users to search and explore the World Wide Web, to better compete with Yahoo!, which operates a similar Web site that is more popular.
Lycos, which was founded three years ago and went public a year later, is worth $962 million at yesterday's closing price of $61.81 per share, up $6.12.
For WiseWire, a privately held, Oakland-based software firm founded at about the same time as Lycos, the $39.75 million deal represents the...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
