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Article: (LEAD) Daum Communications sells off Internet news business to U.S. magazine.
- Article from:
- YON - Yonhap News Agency of Korea
- Article date:
- July 12, 2006
CopyrightCOPYRIGHT 2006 Asia Pulse Pty Ltd. 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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SEOUL, July 12 (Yonhap) -- 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.The ...
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Article: DAUM COMMUNICATIONS SIGNS DEAL WITH ...
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June 30, 1999 ;
542 words
...Daum Communications, which runs the free Hanmail on-line service, signed a Euro ... affiliates of Bertelsmann will receive one million shares in Daum Communications in return for the company's equity participation. The Bertelsmann ...
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