Lycos Europe To Sell Domain Registration Business
December 23, No Comments
A few weeks ago at a hotel in Amsterdam, an Extraordinary Meeting of Shareholders was called for Lycos Europe. The shareholders voted to liquidate the business. Note that Lycos Europe is a separate company to America’s Lycos Inc. As a part of that liquidation, they decided to sell their domain registration business, united-domains AG.
united-domains AG was valued at 34 million euro and will be sold (subject to due diligence on the financial statements) to United Internet. The transaction is looking to close in Q1 2009.
Thoughts
When your share price is 0.15 € and you have a big picture of a dog as your logo, now might be the time to sell the house and think about doing something else.
