Sympatico-Lycos now just Sympatico again
BCE Inc. has taken control of Canada's largest portal, Sympatico, buying out Lycos' 29 per cent stake. It was always a strange partnership anyway. Those of us who watch this portal business closely would love to see the telecommunications giant make something out of the opportunity - Sympatico is a great household name and also the top ISP in the country - but we aren't holding our breath. Lycos probably got the best deal out of this buyout... disengagement from a meaningless partnership, and some extra cash (or BCE shares) to shore up its balance sheet.
Posted by Andrew Goodman
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