Lycos Up For Sale

Remember Lycos, the independent European portal? The company has put itself up for sale stating "In light of the current consolidation of this industry sector...a strategic review to evaluate its options, which may include, inter alia, a change or replacement of the main shareholders." The last time the site saw heavy traffic was around the time Tom Cruise appeared on Oprah. Ironically he is set to return to Oprah this week and maybe it will stir up more interest in Lycos if there is a jump in traffic. I contacted Mr. Cruise to find out if he had an interest in Lycos, however, he was not available for comment. Lycos main shareholders include German entertainment conglomerate Bertelsmann AG which owns 20% of the company and Spain's Telefonica which owns 32%. The company also reported its Q108 revenues today, and had EUR 16.2 million revenues, which decreased compared to Q107 which has revenues of EUR 20.0 million.