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LookSmart Hands Over Social Bookmarking Service Furl to Diigo
Search advertising network LookSmart and Diigo, a popular web annotation and research tool, announced a new partnership today. Under the terms of this partnership, LookSmart will transfer Furl, its struggling social bookmarking service, to Diigo. However, while Diigo announced this as an acquisition of Furl, the reality is that Looksmart is getting an equity position in Diigo in return.
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