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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Jack Colton who wrote (12189)	2/5/1999 12:06:00 AM
From: Tim Luke	Read Replies (1) of 90042

Thursday February 4, 11:44 pm Eastern Time Lycos discussing selling stake to NBC, report says PALO ALTO, Calif., Feb 4 (Reuters) - Internet service Lycos Inc (Nasdaq:LCOS - news) is in talks about selling a sizeble stake to NBC, according to the Internet industry magazine Industry Standard, which reported the negotiations in its online edition Thursday. Although Lycos has acknowledged holding talks with ''every major media company,'' it has not provided details on any specific negotiations. The Industry Standard said talks focused on NBC buying a 25 percent stake in the company, in exchange for cash and promotional time on the NBC television network. Both companies declined to comment on the reports other than to say they have held frequent talks on a variety of potential Internet deals. ''We are constantly looking at opportunities in the Internet space,'' said a spokeswoman for NBC, which is owned by General Electric Co (NYSE:GE - news). Lycos is the second most visited gateway, or portal, to the Internet after Yahoo, and the only major portal other than Yahoo that remains independent. Speculation that it will partner with a big media company has been swirling since last month, when its rival Excite Inc (Nasdaq:XCIT - news) was acquired by AtHome Corp (Nasdaq:ATHM - news) in a multi-billion dollar deal.

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