Some reasons Lycos was such a willing bride

Article Abstract:

The proposed acquisition of Lycos Inc. by USA Networks was negotiated in terms that are considered to be very favorable to Barry Diller and USA Networks. The agreement prevents Lycos from contacting other merger partners and requires the Internet portal to sell 20% of itself to Diller's cable TV-based home-shopping network if it receives an unsolicited offer. Shareholders have reacted unfavorably to the merger, with Lycos' shares declining by more than 25% as its largest shareholder, David Wetherell resigned from Lycos' board in protest.

Cable Television Systems, Cable Networks, Cable and other pay TV services, Mergers, acquisitions and divestments, Cable television broadcasting industry, Cable television, Online information services, USA Networks Inc., Lycos Inc., Cable television/data services, Search engines, LCOS, Internet/Web search service

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Defining the on-line chief; Ebay's Meg Whitman explroes management, Web style

Article Abstract:

14 months ago, Meg Whitman was promoting Teletubbies at Hasbro Inc. Now she and other investors are finding themselves unspeakably rich since the Web auction company's public offering last year. And, she represents a new kind of chief executive - one that knows how to make a company into a brand name. But in the world of Internet stocks, uncertainty is a fact of life, so urgency is also a fact, with more adaptation of old management styles. Yahoo and Amazon.com are already planning competition and more is yet to come.

On-Line Information Services, Videotex & Teletext, Executive changes & profiles, Video Retailing Service, All Other Information Services, Management, Planning, Evaluation, Officials and employees, Internet, Internet/Web technology application, Technology application, Home shopping, eBay Inc., World Wide Web, Company business planning, Whitman, Meg

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