Lycos Internet to acquire Austria’s TriTelA Gmbh for $12 million

Hyderabad-based digital marketing firm Lycos Internet is planning to acquire Austria-based mobile solutions provider TriTelA Gmbh in an all-stock transaction valued at $12 million. As per the terms of the transaction, Lycos will issue 28.48 million additional shares priced at Rs 28.50 each to TriTelA. The deal is subject to regulatory and shareholder approvals. The deal will give Lycos access to TriTelA’s MySMS messenger service that synchronises text messages and instant messages across different devices – mobile phones, tablets and desktops – through a cloud-based account.

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