IDC / Quote.com

Lycos, Inc. yesterday announced the sale of its finance site Quote.com® to Interactive Data Corporation, a leading global provider of financial market data and analytic tools to institutional investors, active traders and individual investors.

On February 1, 2006, Interactive Data entered into a definitive agreement to acquire Quote.com and related assets from Lycos, Inc. for $30.0 million in cash. The acquisition is expected to close during the first quarter, subject to customary closing conditions including governmental approvals. Upon completion of the transaction, the assets of Quote.com will be operated as part of Interactive Data's eSignal division.

(c) PRNewswire-FirstCall


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