Edgeio Assets Purchased by LookSmart
The auction for the Edgeio assets has finished and Looksmart have walked away with all the assets for $280,000. Patrick Chapman talked to Mike Arrington about the purchase yesterday and said it still too early to know what Looksmart will do with the Edgeio assets.
I have read a lot of articles in the last few weeks about Edgeio and how there company was destined to fail (mainly from all the traffic coming from Techcrunch), but I think the technology is quite good and the idea was very sound but execution was quite poor. Im glad Looksmart has taken over the assets and im interested to see where they can fit them in to their portfolio.
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