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Juan Villalonga, the chairman and chief executive officer of Telefonica and chairman of Terra Networ..,...

IMAGE number
REU7473943
Image title
Juan Villalonga, the chairman and chief executive officer of Telefonica and chairman of Terra Networ.., 2000 (photo)
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Photographer
Peter Morgan
Medium
photograph
Date
2000 AD (C20th AD)
Shooting Date
2000-05-16
Image description

Juan Villalonga, the chairman and chief executive officer of Telefonica and chairman of Terra Networks, listens at a press conference announcing the aquisition of Lycos by Terra in New York, May 16. Terra Networks, S.A. will aquire Lycos, Inc. in a stock-for-stock transaction for 7.55 per Lycos share, or a total of approximately 2.5 billion in Terra stock. The new company will be called Terra Lycos. It was also announced that Bertelsman will enter a Billion, 5-year commerce agreement with Terra Lycos.

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REUTERS/Peter Morgan / Bridgeman Images
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