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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.

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.