LookSmart looks elsewhere

LookSmart looks elsewhere

Search directory company LookSmart has terminated current discussions with Telstra over a possible business relationship.

LookSmart's brief announcement to the ASX said the discussions had been ended "in order to focus efforts on more immediate opportunities".

Michael Herskope, general manager of corporate relations for Telstra retail, said the discussions had been terminated because it had not been possible for the parties to arrive at commercial terms which were acceptable to them both at the moment.

However, Herskope said the parties were "still very cordial", and wouldn't rule out exploring other arrangements in the future.

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