Business Services Industry
Internet Service Provider Acquires Andover, Mass., Firm's Financial Chat Site.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, January, 2001 by Kerber, Ross
Jan. 31--Internet service provider Terra Lycos said it acquired the Raging Bull financial-chat Web site from CMGI Inc.'s AltaVista unit after its owners proved unable to capitalize on the service.
Exact terms of the all-cash deal weren't disclosed, though a source said Terra Lycos paid less than $15 million for the unit, which it plans to combine with its existing financial-services offerings.
The sum represents just a fraction of the $163 million that Andover-based CMGI reportedly paid for Raging Bull in 1999, near the peak of CMGI's stock value. At the time CMGI was trying to build up AltaVista as a rival to the portal services offered by Lycos but never obtained the traffic gains it once hoped for. Lately CMGI has been selling off or shutting down...
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
