Short Take: Lycos stake could be up for grabs

Lycos shares rose 5 percent as unconfirmed reports surfaced that one of its major investors, CMG Information Services, is looking to sell a large portion of its stake to an unnamed media company. A spokeswoman for Lycos said the company expects to make an announcement tomorrow.

Dawn Kawamoto Former Staff writer, CNET News

Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.

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Dawn Kawamoto

March 4, 1998 6:30 p.m. PT

shares rose 5 percent as unconfirmed reports surfaced that one of its major investors, CMG Information Services, is looking to sell a large portion of its stake to an unnamed media company. A spokeswoman for Lycos said the company expects to make an announcement tomorrow.