Quick online industry news: Yahoo, Lycos, IAB

Yahoo! Europe has problems – sells European shopping site

Yahoo! bought Kelkoo in 2004 for €475 million, and will sell it to Jamplant for less than €100 million, in a loss-making deal of at least €375 million. | details here

Lycos Europe has problems – most likely to close

After being for sale for almost eight months, Lycos Europe has acknowledged that no one wants to buy the portal, and announced Wednesday it will close its Web hosting and portal activities, and begin stripping its assets and putting those on the auction block. | details here

IAB: Internet ad spending to stay flat

According to the latest data from the Interactive Advertising Bureau and PricewaterhouseCoopers, online ad spending is on track to remain flat for the rest of the year. Spending in the third quarter accounted for US$5.9 billion, only 2 percent ahead of each of the previous two quarters, Media Post reported.