South Korean Internet portal operator Daum Communications Corp. is negotiating with Terra Lycos SA over the acquisition of Lycos Inc., Daum said Friday.

“We are considering acquiring Lycos,” Jody Jung, a spokeswoman for Daum, wrote in an e-mail to IDG News Service. She declined to provide any further details of the possible acquisition, which she said is currently being discussed and negotiated.

Terra Lycos revealed earlier this week that it is close to completing the sale of Lycos Inc., its U.S. subsidiary. In a filing with Spain’s Comisi