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Article: S. KOREA'S DAUM COMMUNICATIONS SELLS OFF INTERNET NEWS BUSINESS.

Article from:
AsiaPulse News
Article date:
July 12, 2006
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SEOUL, July 12 Asia Pulse - Daum Communications Corp., one of South Korea's leading portal operators, said Wednesday that its U.S. subsidiary Lycos Co. has signed a deal to transfer its Internet news business to a U.S. magazine company for US$25 million.

Daum said in a statement that it sold Wired.com, a supplier of information technology news, to U.S.-based CondeNet in order to focus on its core business, such as multimedia contents services.

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