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.
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