Lycos Europe To Shut Down After Failing To Find Buyer | paidContent:UKAfter putting itself on the auction block in April, Lycos Europe has finally conceded what had become increasingly clear - no-one wants to buy the ailing portal. So it confirmed Wednesday morning it will wind up its portal and its web ... It's now about asset stripping - the company said it still wants to sell its domain names, its Danish business and its shopping sites. As a result, Lycos Europe will give back €50 million to its shareholders, but about 500 of 700 staff ...
Robert Andrews
22 Hours 16 Minutes ago
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