“[Lycos CEO Bob Davis] is a smart guy who recognized his stock was sitting on vapor and he couldn’t sustain that multiple — and that he needed a real business.”
Seagram CEO Edgar Bronfman, who’s set to be a major shareholder in Lycos if the company ever figures how it will merge with USA Networks, doing his best to suppot Lycos’s share price, News.com, 12 February 1999