Ybrant media filled for Bankruptcy protection for some time to raise money and retain 100% ownership of Lycos as Daum had around 40% shares (originally in escrow account when Lycos was sold, but then taken away by Daum when payment dispute rose). Ybrant Media had lost 2 cases, for payment disputes in separate courts against daum and had to pay $ 36 mn. But Ybrant needed time to pay while Daum wanted rest of the shares of the Lycos. Daum was against giving any time to Ybrant and any feasible settlement as they seeked company back.
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