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Technology Stocks : Lycos -- Ignore unavailable to you. Want to Upgrade?

To: Captain James T. Kirk who wrote (2345)	5/16/2000 2:07:00 PM
From: Dale Baker	Read Replies (1) \| Respond to of 2439

This looks pretty close to official to me: Tuesday May 16, 1:34 pm Eastern Time Telefonica says Terra-Lycos announcement 2000 GMT MADRID, May 16 (Reuters) - An agreement between Spanish Internet company Terra and U.S. portal Lycos (NasdaqNM:LCOS - news) will be announced at 2000 GMT, a spokesman at Terra's parent company Telefonica said on Tuesday. Sources familiar with the deal have said Terra will buy Lycos for about $10.6 billion, or $96.70 per share, in an all-share deal to create one of the world's four biggest Internet companies. The Telefonica spokesman said a statement would be released at 2000 GMT, followed by a news conference in New York at 2100 GMT. ``It's to announce the Terra-Lycos agreement,'' he said, without providing further details. The widely-flagged deal will see Terra offer 1.7 shares for each in Lycos, according to the sources.