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Lycos Sues Paid Search Firm Overture for Contract Breach Over Yahoo Merger

Authored by Mark Hefflinger on November 5, 2003 - 8:16am.
Waltham, Mass. -- Search engine and global Internet portal Terra Lycos has sued Yahoo's pay-for-performance search listings unit, Overture Services, over unfulfilled contractual obligations that Lycos says Overture violated by its merger with Yahoo, CNET News.com reported. Specifically, Lycos says Overture violated terms of its contract when it did not first seek Lycos' approval on the Yahoo merger, and also when it shared confidential information about its business with third parties. Lycos also alleges it is still owed $800,000 from Overture.
tags: Contract | Lycos | Overture | Yahoo Merger |