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The name "Lycos" comes from Latin, lycosidae, meaning " wolf spider".
Shortly after the development of the Lycos Search Engine, the Lycos company was formed using venture capital and initial internal support from CMU. The CEO of the Lycos company was Bob Davis , a native of Boston who moved the headquarters of Lycos to Waltham, Massachusetts from Pittsburgh, and concentrated on building it into an advertising supported Web Portal, arguably at the expense of the Information Retrieval research on which the company was founded.
Lycos suffered under competition from Google, which concentrated on driving its business primarily on the basis of fast, effective web search, but remains a viable business as of early 2004.
The Lycos company was eventually purchased by Terra Networks, S.A.Terra Networks usually referred to as "Terra", is an internet multinational company with headquarters in Spain. Part of Telefonica Group (the former Spain's public telephone monopoly and now one of the most important telecommunications companies in the wo, a subsidiary of the Spanish telephone company TelefónicaTelefonica is the national telephone network operator ( telco) in Spain. Telefonica is the largest corporation in Spain and has a large presence in Latin America. It owns Telefonica de Espana the largest fixed phone and ADSL operator in Spain, Telefonica, and renamed Terra Lycos. Terra Lycos has since dropped the Lycos moniker from its corporate identity and goes by the name Terra Networks, S.A.
Recently, Terra Networks, S.A. has contacted the investment bank Lehman BrothersLehman Brothers is an investment banking and financial services firm. It is a market leader in equity and fixed income sales, trading and research, investment banking, private equity, and private banking. The firm is headquartered in New York, London, and about the possiblity of selling its Lycos Inc. subsidiary. As of August 2August 2 is the 214th day of the year in the Gregorian Calendar (215th in leap years), with 151 days remaining. Events 338 BC Rise of Macedon: Philip of Macedon crushes Athens and Thebes in the Battle of Chaeronea. 216 BC Punic Wars: In the Battle of Cann, 20042004 is a leap year starting on Thursday (the link is to a full 2004 calendar), and has also been designated the: International Year of Rice International Year to Commemorate the Struggle against Slavery and its Abolition Elections are to be held in 73 co, Terra Networks, S.A. said it reached a definitive agreement with Seoul, South Korea-based Daum Communications Corporation, in which Daum will acquire 100% of the issued and outstanding shares of Lycos Inc. for $95.4 million in cash. The transaction is subject to the expiration of the 30-day Hart Scott Rodino Antitrust Improvements Act on substantial mergers and acquisitions. Following conclusion of the transaction, Lycos Inc. will become a wholly owned subsidiary of Daum.
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