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Article: Lycos Sells Quote.com to Interactive Data Corporation for $30 Million.
- Article from:
- PR Newswire
- Article date:
- February 2, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Transaction Allows Lycos to Focus on Core Strategy Moving Forward
WALTHAM, Mass., Feb. 2 /PRNewswire-FirstCall/ -- Lycos, Inc. (http://www.lycos.com/), a media destination for creators and consumers of quality content, yesterday announced the sale of its finance site Quote.com(R) (http://www.quote.com/) to Interactive Data Corporation , a leading global provider of financial market data and analytic tools to institutional investors, active traders and individual investors.
On February 1, 2006, Interactive Data entered into a definitive agreement to acquire Quote.com and related assets from Lycos, Inc. for $30.0 million in cash. The acquisition is ...