EANS-Adhoc: Lycos Europe N.V. announces the disposal of its shopping business Pangora
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
10.10.2009
Haarlem / The Netherlands - LYCOS Europe N.V. ("LYCOS"; ISIN
NL0000233195) today announces the disposal of its shopping business
Pangora ("the Transaction").Over the past months LYCOS, together with its advisors, has evaluated available different options for Pangora.
As a result of this review process, Pangora was sold to an affiliate of Become, Inc. The underlying Share Purchase Agreement has been signed today. The parties agreed that the purchase price will not be disclosed.
The transactions will close at the end of October.
Further inquiry note:
Jochen Hög
Investor Relations Manager
LYCOS Europe N.V.
Tel.: +49 (0)5241-80-71244
E-Mail: jochen.hoeg@lycos-europe.com
Branche: Software
ISIN: NL0000233195
WKN: 932728
Index: Prime All Share, Technologie All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
Euronext Paris / free trade
München / free trade