Lycos Acquired by Ybrant Digital for $36 Million

Ybrant Digital, an India-based provider of digital marketing technology, on Monday announced it has signed an agreement to acquire Lycos, a provider of search-based Internet properties and services, from Daum Communications of Korea, for $36 million in cash. Daum reorganized Lycos in 2009 and has turned the company profitable, according to the announcement. Founded in 1994, Lycos offers tools for video viewing and sharing, social networking, blogging, web publishing and hosting, online games, e-mail, and search. The company reports consistently averaging 12-15 million monthly unique visitors in the U.S., and is a top 25 Internet destination worldwide, reaching nearly 60 million unique visitors globally.