Lycos Europe N.V.

euro adhoc: Lycos Europe N.V.
Strategic management decisions
LYCOS Europe N.V. to sell its investment in, a.s. for a consideration of EUR 65 million

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Company Information


Haarlem / Netherlands, April 02, 2007 - LYCOS Europe, one of the leading European portal providers and online advertisers, today agreed with Tiger Holding Four S.à.r.l and Miura International S.à.r.l. about the sale of its investment in, a.s ("Seznam"), a portal provider based in Prague, Czech Republic.

LYCOS’ investment represents 30 percent of the share capital in Seznam and is accounted for as an available-for-sale financial instrument with a carrying amount of EUR 69 thousand. Both parties together will take over all of LYCOS’ shares for a consideration of EUR 65 million in cash. The parties expect to close the transaction within 10 business days. The impact on the cash position and net income of LYCOS Europe is expected to be equal to the consideration deducted by transaction costs and the investments carrying amount.

About Lycos Europe Lycos Europe (ISIN NL0000233195) is one of the leading European internet destinations operating a pan-European network of websites in seven languages. The company's combination of search, communication services, content channels, Internet access, homepage building and online communities addresses a wide range of target groups. The Lycos Europe Network provides an attractive medium not only for consumers but also for advertisers and e-commerce partners throughout Europe. Every month about 31 million users visit the Lycos sites and by Lycos Europe distributed partner sites in Europe. With a network of websites covering Austria, Denmark, France, Germany, Great Britain, Italy, the Netherlands, Spain, and Switzerland, Lycos Europe has a large geographical reach in Europe.

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ots Originaltext: Lycos Europe N.V.
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Further inquiry note:
LYCOS Europe
Analyst Relations
Sascha Wittler
T: +49-(0)5241-80-71134
F: +49-(0)5241-80-671134

Heike Meyer
Public Relations Manager
Telefon: +49(0)5241-80-71051

Branche: Software
ISIN:      NL0000233195
WKN:        932728
Index:    Prime All Share, Technologie All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing/prime
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Niedersächsische Börse zu Hannover / free trade
              Euronext - Paris / free trade
              Bayerische Börse / free trade

Weitere Meldungen: Lycos Europe N.V.

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