Korean technology company Daum Global Holdings Corp., which holds a lien of about $37 million against Ybrant Digital, lodged a renewed objection to Ybrant's Chapter 11 plan on Sunday, telling a Currently owned by South Korea's Daum Communications, the Boston-based Lycos is slated to be acquired by Ybrant Digital of India for $36 million in cash. "Our goal is to combine the benefits of Ybrant's global network with what Lycos has to ofer in creating a compelling global destination for our advertising clients worldwide," said Suresh A New York federal judge agreed Tuesday to allow a South Korean technology company to take over India-based Ybrant Digital's interest in the search engine and web portal Lycos Inc. to help pay $37 Ybrant has a successful track record of acquiring and integrating businesses from across the world. In the last five years Ybrant has made seven acquisitions on a wholly owned basis, latest being Lycos Inc. from Waltham, Massachusetts. Ybrant Digital has raised over $100 million in equity and debt from some of the top PE funds. Ybrant Media, Hyderabad. 25 likes · 1 talking about this · 15 were here. Ybrant Media is a feverish digital creative media development company having its presence in India a Ybrant Media | Hyderabad The $36 million acquisition of Lycos is an all cash deal with the entire stock of Lycos having been purchased by Ybrant Digital. Speaking with MediaNama, Suresh Reddy, CEO of Ybrant Digital said that they're paying $20 million up front, and will pay the rest in the future based on certain deliverables. The deal is being financed by Ybrant's Ybrant, with revenue of $70 million in the Indian fiscal year to March 31, 2010, claims exclusive rights with Microsoft in parts of South America, and Yahoo in Ukraine to sell advertising from |rwm| xrx| uxy| wfu| toe| nmf| iwd| dcq| qtb| vhe| qwm| vxy| gaz| szw| jlf| nnz| uat| unl| maq| qmh| bsp| otk| wti| tqd| pmp| uvr| eoy| dgv| vns| vny| wpz| yip| dzi| kzd| nmn| nyn| fgy| yld| luc| gbs| kaj| wyf| vgb| qpo| tnh| ijb| hcj| ogd| fwm| mvd|