The company is also heavily involved in real estate development and sports and entertainment ticketing.

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To this end, he co-founded Goldstar, with the focus on bringing live entertainment ticketing to the Internet.

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The deal would have brought together Lycos, USA Networks' Home Shopping television Network and Ticketmaster Online-Citysearch, a ticketing and online entertainment agency.

BBC: News | The Company File | Lycos takeover collapses