Page "Lycos" Paragraph 5

On August 2, 2004, Terra announced that it was selling Lycos to Seoul, South Korea-based Daum Communications Corporation for $ 95. 4 million in cash ($ million today ), less than 2 % of Terra's initial multi-billion dollar investment.

In October 2004, the transaction closed and the company name was changed back to Lycos Inc.

The remaining half of the business owned by Terra was subsequently reacquired by Telefónica.