Internet directory LookSmart, San Francisco has signed a letter of intent to acquire an e-commerce company, which could help the company generate up to $20 million in revenues in '99, according to Val Landi, VP-marketing and media services at LookSmart
. Mr. Landi would not go into details about the acquisition, other than it will be help support the small business offerings on the local Web city guides from Cox Communications, a LookSmart investor and partner. The acquisition is expected to be announced in the next few weeks.
Copyright February 1999, Crain Communications Inc.