Lycos sells Wired News to Conde Nast

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Waltham, Mass.—Lycos Inc. announced this week it will sell Wired News to Conde Nast Publications, owner of Wired magazine, for $25 million. The deal will reunite the online property with the print publication after eight years of separation. Wired News and Wired magazine were sold off individually in the late 1990s by founders Louis Rossetto and Jane Metcalfe. Conde Nast bought the print magazine in 1998 for $80 million, while Lycos acquired Wired News in 1999 for $83 million. Upon completion of the transaction, the assets of Wired News will be operated as part of Conde Nast Publication's Web division, CondeNet.

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