Originally founded in 1999 as as a joint UK venture between Looksmart Ltd. and BT, the venture was steeped in debt by 2002. BT and Looksmart agreed to settle the debt in December 2002 and shortly afterwards, Looksmart announced the restructuring of its international operations in a move that marked the dissolution of the joint venture.
LookSmart continues to operate independently in the UK and Japan, former BTLooksmart territories, and will integrate parts of BT LookSmart into its core operations.
LookSmart UK's directory results are used to provide content for many of Europes top search properties, including MSN & Tiscali
LookSmart UK's fallthrough results are provided by Google
For further information go to:
www.looksmart.co.uk
www.looksmart.com
This article was first published on 02 May 2003 and does not necessarily match current events or the current opinions and views of bigmouthmedia ltd.
