The potential rewards of the growing digital audio business are worth at least $38.8 million to Lycos, Inc. (Nasdaq: LCOS), the Internet’s most popular search engine. That is how much Lycos agreed to pay, in the form of 1.1 million shares of Lycos stock, to acquire Internet Music Distribution Inc. (IMDI).
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Lycos Records $39 Million Deal With MP3 Player Maker
Posted by: Mary Hillebrand August 6, 1999 12:00 AMThe potential rewards of the growing digital audio business are worth at least $38.8 million to Lycos, Inc. (Nasdaq: LCOS), the Internet’s most popular search engine. That is how much Lycos agreed to pay, in the form of 1.1 million shares of Lycos stock, to acquire Internet Music Distribution Inc. (IMDI).