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Once-Proud Lycos Shutting Down Lycos Europe

Yet another liquidation sale

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The end seems to be near for Lycos Europe.  Although the company’s name used to represent one of the world’s most important Internet businesses, this branch may soon be chopped up, and then various parts and services will either be sold or terminated.

A quick glance at the organization’s website is enough to tell anyone that things aren’t going well.  Look at the diving stock chart on the left, for starters.  The technical problems and revenue decline mentioned in the middle column aren’t positive developments, either.  And in between these two bulletins sits the real deathblow.

Lycos Europe Homepage
 Lycos Europe Homepage

After a little hemming and hawing, the "strategic review process" announcement simply states, "[T]he Management Board and the Supervisory Board of LYCOS came to the conclusion that the best available option of the company is to (i) strive for a sale of its domains, Danish portal and shopping activities and (ii) to discontinue the portal and webhosting activities."

Since a black lab is the Lycos mascot, this brings to mind unfortunate metaphors about being put down.

The decision still requires the approval of shareholders, though, so it’ll at least be a sort of family decision.  Lycos’s shareholders will meet on December 12th, and they stand to gain 50 million if the new plan is adopted.

Once-Proud Lycos Shutting Down Lycos Europe
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  • Guest
    1. For the US Lycos user(s) who has, almost exclusively, used LYCOS’ FREE web based emails for many years is there an EASY WAY to get roughly 25,000 emails, that the user wants to keep, off of Lycos? 
    • Guest

      Yes, setup outlook to connect via pop and download all your mail.

  • http://car2be.com/ Tomas

    No mention anywhere on Lycos site at present, so I don’t think it’s 100% offivcial at present.