It emerged this week that internet portal, Lycos Inc is suing commercial search services provider, Overture following the latter's acquisition by Yahoo.
In its complaint, Lycos alleges that Overture breached a services agreement between the two companies which stated that Overture would inform Lycos if control of their business relationship were ever to be turned over to a Lycos competitor
Lycos claims that Overture's failure to do so has left it "in an untenable position by which it is dependent on a major competitor for an essential service." The firm is reportedly seeking $800,000 in fees which it claims that Overture has neglected to pay, in addition to unspecified damages.
Overture has responded to the allegations, announcing in a statement that:
"We understand that a lawsuit has been filed by Lycos and as a result, Lycos has removed Overture listings from its site in the US. We do not believe they have a right to take down our listings and we are currently evaluating all of our options. This does not affect our deal with Lycos in Europe.".
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