Lycos Europe buys Spray Network

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Lycos Europe purchased European portal Spray Network in a stock swap valued at $571.8 million. Lycos bought Spray because of its strength in the Scandinavian market as well as its mobile Internet technologies, the company said. Lycos Europe is a joint venture between Bertelsmann, Gruner & Jahr and Lycos.

Separately, the U.S.-based Lycos and McDonald's Corp. formed a global marketing relationship through McDonald's sponsorship of the Lycos Olympic Community site. Lycos is the official community and chat provider to the Sydney 2000 Olympic Games Web site.

Copyright September 2000, Crain Communications Inc.

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