euro adhoc: Mergers - Acquisitions - Takeovers
LYCOS Europe N.V. sold its
investment in Best of Media S.A.
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
09.11.2007
Haarlem / Netherlands, November 9, 2007 - LYCOS Europe N.V. ("the
Company"), one of the leading European portal providers and online
advertisers, agreed with Alter Finance Capital ("AFC") about the
sale of its investment in Best of Media S.A. ("BoM").LYCOS Europe's investment represents about 8 percent of the total share capital of BoM and is accounted for as an available-for-sale investment with a carrying amount of EUR 500 thousand. AFC will take over the complete investment in BoM owned by the Company for a consideration of about EUR 1.7 million. This transaction becomes effective immediately.
About Lycos Europe Lycos Europe (ISIN NL0000233195) is one of the leading European portal providers and online advertisers operating a network of websites in seven languages in Europe and the USA. The company's combination of search, communication services, online communities, content channels, Internet access, shopping, homepage building and domain names registration addresses a wide range of target groups.
end of announcement euro adhoc 09.11.2007 10:55:42
Further inquiry note:
For further information, please contact:
|LYCOS Europe |LYCOS Europe
|Investor Relations |Public Relations |
|Sebastian Giese |Frauke Riva |
|T: +49-(0)5241-80-71135 |T: +49-(0)5241-80-71050 |
|F: +49-(0)5241-80-671135 |F: +49-(0)5241-80-671050 |
|E: sebastian.giese@lycos-europe.com |E: frauke.riva@lycos-europe.com |
Branche: Software
ISIN: NL0000233195
WKN: 932728
Index: Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Euronext - Paris / free trade
Börse München / free trade