PEEK Extends Tender Offer for LookSmart

PEEK Investments LLC today issued the following statement: "We have extended our third-party tender offer to purchase all of the outstanding shares of common stock of LookSmart, Ltd. LOOK for $1.00 per share in cash. As extended, the tender offer is scheduled to expire at 5:00 P.M., New York time, on October 26, 2012. The tender offer was previously scheduled to expire at 5:00 P.M., New York time, on September 28, 2012. As of September 28, 2012, 3,167,186 shares had been deposited. We extended the tender offer because we are currently engaged in preliminary negotiations with LookSmart with respect to possible shareholder board representation rights, corporate governance initiatives, limitations and other modifications to the tender offer, and related agreements and transactions. However, we cannot guarantee that the negotiations will be successful or that the tender offer will be consummated even if the negotiations are successful. We will amend or supplement the tender offer material we filed with the SEC to reflect such negotiations. Questions and Answers About LookSmart's Current Poison Pill The discussion below addresses some of the questions most frequently received by us from security holders about LookSmart's current poison pill. The discussion is See full press release