Lycos Europe was a pan-European network of websites, offering services including communication tools, online communities, web search, e-commerce, web hosting, homepage building and Internet access. It was an independent corporation, sharing no corporate structure with Lycos, Inc. (USA) other than the licensed use of their name in Europe, but Lycos Europe was formed as a joint-venture between Bertelsmann and Telefonica,[1] who owned Lycos Inc. through Terra Lycos. On 26 November 2008, Lycos Europe announced that it was to shut down and sell its remaining assets.[2][3]