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-USA Networks, New York, and Lycos, Waltham, Mass., last week announced plans to form the USA Lycos Interactive
Network. The arrangement calls for USA Network to own a majority share of the company and Lycos shareholders and other USA properties to hold the remaining portion. At press time, however, there were signs the deal might fail: CMGI, a major Lycos shareholder, was expressing reservations about voting in favor of the deal at least until the company’s share price strengthens.
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