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Europe Daily Bulletin No. 7719

18 May 2000
Contents Publication in full By article 33 / 41
ECONOMIC INTERPENETRATION / (eu) internet

TERRA NETWORKS has confirmed the purchase of the American firm LYCOS in a share-swap operation weighing $12.5 bn. In concrete terms, TERRA NETWORKS has proposed 1.7 shares for each LYCOS share, valuing the American group at $97.55 a share. See yesterday's EI.

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION