Business Services Industry
Madrid, Spain-Based Internet Company to Purchase Lycos Internet Portal.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, May, 2000 by Dorschner, John
May 16--In a move that could send reverberations through the burgeoning Spanish-language dot-com community in South Florida, Internet giant Terra Networks of Spain announced Tuesday that it will buy Lycos, a major U.S. Web site, for $12.5 billion in stock.
Lycos is the fourth most used portal in English, the dominant language of the World Wide Web. The Madrid-based Terra is the largest Internet service provider in Latin America and Europe's largest Internet company, with a market value of $17 billion.
The deal marries Lycos' content with Terra's pipelines, and may set off a wave of other deals in the highly crowded Spanish-language cyberspace.
"I'm sure there's going to be some really big consolidations," said Martin Enriquez, general manager...
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