In yet another example of Internet convergence, Barry Diller's USA Networks assumes a controlling interest in Lycos, ending long-running speculation over the fate of the Net's fourth-largest property. The deal, which combines the portal's search directory and community sites with three USA Networks properties, reflects a new direction for online properties and a growing focus on electronic commerce.
USA Networks to buy Lycos
update Barry Diller's USA Networks will assume a controlling interest in Lycos, ending speculation over the fate of the Net's fourth-largest property.
Lycos CEO never lost salesman's touch
Bob Davis stands out as a former salesman who built a start-up into the No. 3 portal through shrewd public relations and a string of well-timed acquisitions.
E-biz drove Lycos-USA Networks deal
audio USA chairman Barry Diller says the deal represents the "convergence" of "information, entertainment, and direct selling."
Lycos deals spawn strange bedfellows
Thanks to its pending buyout by Lycos, Wired finds itself teaming up with a business that sells cubic zirconium jewelry on television.
Lycos stock takes a beating
update
Lycos's CEO Bob Davis and USA Networks CEO Barry Diller defend the deal between the two firms as Lycos's stock gets hammered.
Is Time Warner next in merger mania?
The media firm has long been rumored to be in the market for a major Internet acquisition, and speculation intensified once it became known that the latest portal deal involved another company with roots in Hollywood.
Diller close to stake in Lycos
news analysis
Barry Diller, who has been on an Internet shopping spree lately, now has Lycos on his radar, sources say.
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