WALTHAM, Mass. (AP) -- Lycos Inc. is acquiring Quote.com in a $78 million deal that will add more financial content to the portal's Web site.
Quote.com provides investment information such as stock quotes, mutual fund information, earnings forecasts and company profiles.Ron Sege, executive vice president of Waltham-based Lycos, said Quote.com will become the main provider of financial information on the Lycos Web site.
Lycos has been trying to beef up its Web presence in the face of competition from America Online, Microsoft and Yahoo. Lycos and its competitors are trying to keep users coming back by becoming one-stop-shops that offer everything from e-mail to news to stock tips.
Lycos will get access to Quote.com's growing base of subscribers who pay for extra features like chart-making tools that help investors track stocks. About 10,000 people subscribe to the service, which costs between $25 to $100 per month.
Quote.com will keep its headquarters in Mountain View, Calif.