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Technology Stocks : CMGI What is the latest news on this stock?

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To: Mark Peterson CPA who wrote (8136)5/12/1999 8:40:00 AM
From: sunny  Read Replies (2) of 19700
 
It's official: Lycos deal called off.

dailynews.yahoo.com

Lycos, USA, Ticketmaster Call Off Merger

NEW YORK (Reuters) - Lycos Inc. (Nasdaq:LCOS - news), USA Networks Inc. (Nasdaq:USAI - news) and Ticketmaster
Online-CitySearch Inc. confirmed Wednesday they had called off their complex merger, but had agreed to remain business
partners.

The deal's end, in the face of stiff Lycos shareholder opposition, requires Lycos to pay USA Networks' Interactive unit and
Ticketmaster Online $35 million if the Internet media network agrees to another acquisition deal before July 15.
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