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Furthermore, speaking with MediaNama, Suresh Reddy, CEO of Ybrant Digital said that theyre paying 20 million up front, and will pay the rest in the future based on certain deliverables. The deal is being financed by Ybrants internal accruals, and the company is also looking to raise PE funding. This aspect of Enhancement Articles Lycoscom plays a vital role in practical applications.
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Moreover, in 2000, Lycos was acquired by Terra Networks, a subsidiary of Spanish telecom giant Telefnica, for a staggering 12.5 billion. At the height of the dot-com bubble, the acquisition was hailed as one of the biggest deals of the era. The timing couldnt have been worse. This aspect of Enhancement Articles Lycoscom plays a vital role in practical applications.
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