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BERTELSMANN CHAIRMAN AT LYCOS MERGER ANNOUNCEMENT, 2000-05-17 (photo)

IMAGE number
REU7701563
Image title
BERTELSMANN CHAIRMAN AT LYCOS MERGER ANNOUNCEMENT, 2000-05-17 (photo)
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Medium
photograph
Date
2000 AD (C20th AD)
Shooting Date
2000-05-17
Image description

Thomas Middelhoff (C), the Chairman and Chief Executive Officer of Bertelsmann, listens at a press confrence announcing the acquisition of Lycos by Terra, in New York May 16. Terra Networks, S.A. will aquire Lycos, Inc. in a stock-for-stock transaction for $97.55 per Lycos share, or a total of approximately $12.5 billion in Terra stock. The new company will be called Terra Lycos. It was also announced that Bertelsman will enter a $1 Billion, 5-year commerce agreement with Terra Lycos. BR/HB

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REUTERS / Bridgeman Images
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