Lycos Europe N.V.

euro adhoc: Lycos Europe N.V.
Strategic management decisions
LYCOS Europe N.V. announces the disposal of united-domains AG

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Haarlem / Netherlands, December 12, 2008 - LYCOS Europe N.V. ("LYCOS") today announces the disposal of united-domains AG ("the Transaction").

As announced earlier today the Extraordinary Meeting of Shareholders approved inter alia a sale of Lycos´s Domains Business. After the Extraordinary Meeting of Shareholders Lycos has reached an agreement with United Internet regarding a sale of the Domains Business.

For this transaction united-domains AG was valued at 34 million euro. The final purchase price will be determined once the 2008 financial statements of united-domains AG are available and based on a reconciliation calculation as of the effective date/Closing. The purchase price will completely be paid in cash and 7 million euro of the purchase price will be put into an escrow account as security for Lycos´s obligations from the sale. The escrow shall be released in 2014 the latest.

Closing of the transaction is subject to competition clearance and expected to occur in the first quarter of 2009.

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ots Originaltext: Lycos Europe N.V.
Im Internet recherchierbar:

Further inquiry note:
Jochen Hög
Tel.: +49 (0)5241-80-71244

Branche: Software
ISIN:      NL0000233195
WKN:        932728
Index:    Prime All Share, Technologie All Share
Börsen:  Börse Frankfurt / regulated dealing/prime standard
              Börse Berlin / free trade
              Börse Hamburg / free trade
              Börse Stuttgart / free trade
              Börse Düsseldorf / free trade
              Börse Hannover / free trade
              Euronext - Paris / free trade
              Börse München / free trade

Weitere Meldungen: Lycos Europe N.V.

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