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| | Wired News: Lycos Acquires Wired Digital |
 | | In a move that continues the trend of consolidation in the Internet industry, Web search and community firm Lycos has acquired Wired Digital, the parent company of Wired News, for approximately US$83 million in Lycos stock. |
 | | Lycos said in a statement that the combined traffic of both companies will allow Lycos, already the second most visited Web index service, to reach more than 40 percent of Web users. |
 | | Tuesday's acquisition coincides with the introduction of "The Lycos Network," a collection of service, news, and community sites that now includes Wired Digital properties Wired News, the HotBot search engine, and the Webmonkey developer site, in addition to existing Lycos sites Lycos.com, WhoWhere, Tripod, and others. |
| www.wired.com /news/business/0,1367,15437,00.html (539 words) |
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