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Wired Digital future clouded Lycos row could block sale of S.F. Web firm
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Wired Digital future clouded Lycos row could block sale of S.F. Web firm
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Newspaper Article
Wired Digital future clouded Lycos row could block sale of S.F. Web firm
1999
Overview
Analysts say the aftershocks of Tuesday's resignation by a key board member of the giant Lycos Web site may hamper Lycos' acquisition of Wired Digital, which has itself been the subject of a reported revolt by investors. Tuesday, David Wetherell, chief executive officer of the Andover, Mass.-based Internet marketing company CMGI Inc., resigned from the board of Lycos Inc., which is in the final stages of acquiring Wired Digital. CMGI is Lycos' largest shareholder. According to reports first published last month in Boston newspapers, shareholders at Wired Digital have retained attorneys, with the possible intention of launching lawsuits that could block the Lycos-Wired Digital deal. Lycos and Wired Digital officials maintain the deal is solid, however.
Publisher
San Francisco Media Company
Subject
