Close to two-thirds of Terra stock is owned by Telefonica, which recently was the target of a new virus that attacked Web-accessible cell phones. The text message virus specifically railed against Telefonica's business practices and the planned purchase of Lycos.
The merged companies would create the third largest Internet company, according to Terra/Telefonica Chairman Juan Villalonga.
"We are already an industry leader in a sector which is the epicenter of the U.S. revolution," he said. "Hey, can I borrow a buck for a cup of coffee?"
Lycos stock was down 1 15/16 at presstime, but you know what they say. It's not over until Enrique Iglesias sings without accompaniment.
LIVE NATION POSTS (ANOTHER) RECORD QUARTER
More butts in seats than ever before. (5/3a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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