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Tech/Science
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Daum's sale of Lycos to bolster competitiveness: brokerage
SEOUL, Aug. 17 (Yonhap) -- Daum Communications Corp.'s sale of its U.S. subsidiary Lycos Inc. is likely to help the operator of South Korea's No. 2 Web search engine boost its competitiveness, a local brokerage house said Tuesday.

Daum announced Monday that it sold Lycos to Ybrant Media Acquisition Inc. for US$36 million. In 2004, Daum acquired Lycos for $95 million in a bid to expand into global Internet markets.