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.
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.