by Susie Harwood
Up until a week ago, things were looking pretty rosy for European pay-per-click search network Espotting. It had just celebrated its third birthday as one of the UK's few internet success stories since the dotcom bust, and in June this year successfully negotiated a £100m deal to merge with US firm FindWhat.com.
But Espotting's run of good luck has hit a snag after its would-be suitor FindWhat released a statement saying that it is currently renegotiating the terms of the merger to try and reduce the purchase price, adding that it could walk away from the deal if "mutually agreeable" terms could not be reached.
posted by Jen @ 3:14 PM
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