Terra Lycos Buys Raging Bull

Internet

Yi Ping Ho

01/30/01 - 09:24 AM EST

Terra Lycos (TRLY Quote) has acquired online financial community firm Raging Bull from Alta Vista, a majority-owned company of CMGI (CMGI Quote), in an all-cash deal aimed at broadening the Spanish Internet media company's network of sites.

Madrid-based Terra Lycos, formed by the merger of Lycos and Spanish telecom company Telefonica (TEF Quote), did not provide any financial terms of the deal.

Raging Bull, which provides individual investors with more than 13,000 discussion boards, has more than 2 million users and generates nearly 200 million page views each month.

Shares of Terra Lycos closed at $15.63 in Monday trading on the Nasdaq and were recently unchanged at pre-open, while CMGI recently gained 22 cents to $6.69 in pre-open Island trading, up from yesterday's closing price of $6.47.

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