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Technology Stocks : CMGI What is the latest news on this stock?
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To: Craig Rogers who wrote (4597)2/4/1999 11:03:00 PM
From: Islander   of 19700
 
NBC Reportedly Close to Buying Stake in Lycos
By Heather Moore and Aaron L. Task
Staff Reporters
2/4/99 9:03 PM ET

General Electric's (GE:NYSE) NBC network may be close to buying a stake in Lycos (LCOS:Nasdaq), according to The Industry Standard. NBC would likely buy about 35% of Lycos, and Snap! -- the CNet (CNET:Nasdaq)-run portal 60% owned by NBC -- would probably merge with Lycos, the Standard said.

The story ran after the close of trading. During the session, Lycos fell 1 1/8 to 129 3/8, CNet lost 5 15/16 to 137 15/16 and GE gave up 2 3/4 to 100 1/8.

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