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The transaction closed in October 2000 and the merged company was renamed Terra Lycos, although the Lycos brand continued to be used in the United States. The number of local systems grew to about a dozen, and became funded by user subscriptions. Robert Elsner In January 2006, the site was purchased by Avalanche, LLC.\
&#x20;![lycos dating site](https://www.bestdatingsites.com/screenshot/loveawake-com.png)\\

It was founded in 1986, making it the oldest of the existing online dating sites. There were six employees of matchmaker listed in the Lycos gusto contract as 'critical employees' for transitioning lycos dating site site to Lycos. Each system catered to a geographic area code allowing users to find like interests. Lycos enjoyed several years of growth during the 1990s and became the most visited online destination in the world in 1999, with a prime presence in more than 40 countries. Other Matchmaker franchises quickly also adopted the web based front-end. In 1997, it became one of the first profitable internet businesses in the world. In November 2006, Lycos began to roll out applications centered on social media, including its servile application, Lycos Cinema, that featured simultaneous watch and chat functionality. The site had 4 million users at that time.

In September 1998, the system became burdened by having to provide direct dial-in over modems and a decision was made to move to the Internet exclusively. Overseas, the company continued to be known as Terra Networks. The acquisition price represented a return of nearly 3,000 times the company's initial venture capital investment and about 20 times its initial public offering valuation.\
&#x20;![lycos dating site](https://www.altscene.com/images/400x400/media/2280475/img_2280475.jpeg)\\

&#x20;\- In 1998, each of the franchisees agreed to consolidate, centralize, and combine their resources.\
&#x20;![lycos dating site](http://i0.wp.com/tsdatingsites.net/wp-content/uploads/2016/07/myladyboydate.jpg?resize=701%2C427)\\

Lycos is a that began as a research project by of main campus in 1994. Lycos enjoyed several years of growth during the 1990s and became the most visited online destination in the world in 1999, with a global presence in more than 40 countries. In 1996, the company completed the fastest from inception to offering in LCOS history. In 1997, it became one of the first profitable internet businesses in the world. Although Lycos Europe remains the largest of Lycos's overseas ventures, several other Lycos subsidiaries also entered into joint venture agreements including Lycos Canada, Lycos Korea and Lycos Asia. The acquisition price represented a return of nearly 3,000 times the company's initial venture capital investment and about 20 times its initial public offering valuation. The transaction closed in October 2000 and the merged company was renamed Terra Lycos, although the Lycos brand continued to be used in the United States. Overseas, the company continued to be known as Terra Networks. In October 2004, the transaction closed for sale of half of the business and the company name was changed back to Lycos Inc. The remaining Terra half was reacquired by Telefónica. Under new ownership, Lycos began to refocus its strategy. In 2005, the company moved away from a search-centric portal and toward a community destination for broadband entertainment content. With a new management team in place, Lycos also began divesting properties that were not core to its new strategy. In July 2006, , which had been part of Lycos since the purchase of Wired Digital in 1998, was sold to and re-merged with. The Lycos Finance division, best known for and , was sold to FT Interactive Data Corporation in February 2006, while its online dating site, , was sold to Date. In 2006, Lycos regained ownership of the Lycos trademark from Carnegie Mellon University. During 2006, Lycos introduced several media services, including Lycos Phone which combined video chat, real-time video on demand, and an MP3 player. In November 2006, Lycos began to roll out applications centered on social media, including its video application, Lycos Cinema, that featured simultaneous watch and chat functionality. In February 2007, Lycos MIX was launched, allowing users to pull video clips from , , and. Lycos MIX also allowed users to create playlists where other users could add video comments and chat in real-time. In 2018, a New York court ruled in favor of Daum and appointed Daum as receiver of Ybrant's 56% ownership interest in Lycos. In May 2012 Lycos announced the appointment of former employee Rob Balazy as CEO of Media division of Lycos. In September 2012 Ed Noel was appointed in place of Rob and manages the operations under the title of General Manager of Lycos Media. As of 15 May 2018 providing only paid services. Retrieved August 17, 2010. Retrieved April 14, 2013. Comtex News Network, Inc. Retrieved August 16, 2010.
