Shutdowns

Lycos Europe Fails to Find Buyer; Will Shut Down

Authored by Mark Hefflinger on November 26, 2008 - 7:06am.

Haarlem, The Netherlands - Lycos Europe, the portal and Web hosting service, said on Wednesday that it has concluded a strategic review process and will shut down operations and seek a sale of remaining assets. The company is separate from Lycos in the U.S., and was launched as a joint venture between Telefonica's Terra and Bertelsmann.

tags: Bertelsmann | Telefonica | Shutdowns | Lycos Europe |

Online Payments Provider Bitpass to Shut Down

Authored by Mark Hefflinger on January 22, 2007 - 9:36am.

San Mateo, Calif. - Bitpass, a four-year-old provider of online payment processing services, has announced that it is discontinuing operations, due to "circumstances beyond our control," CEO Matthew Graves wrote in an e-mail to customers.