Lycos Bought for $36M

Lycos, a Waltham, MA-based maker of online search and media tools, was bought for $36 million by Ybrant Digital, the companies announced today. Ybrant, a digital marketing company headquartered in India, purchased Lycos from Daum Communications, a Korea-based company that in 2009 reorganized Lycos, which had been one of the most trafficked and most profitable Web portals during the Internet boom of the late 1990’s. Ybrant says the purchase of Lycos will help it provide new products for local advertising.

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