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Monday, February 19, 2001
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Yahoo! to buy auction site

Yahoo! Australia and New Zealand, the regional arm of Web search directory giant Yahoo! Inc., said last week it would purchase an Internet auctions site, Sold.com.au, from an Australian media company. An agreement signed will see F2, the new media arm of newspaper publisher John Fairfax Holdings Limited sell its Sold.com.au operation to Yahoo! for an undisclosed sum. The two companies have also signed other online content and marketing agreements, including the provision of preferred content (e.g. real estate listings) from F2 to Yahoo!

 


Singapore gears up for virtual war

Singapore goes to war — of a virtual kind — in March when networked computer gamers battle it out in an island-wide competition. "The overriding goal of the competition is to elevate advanced computer gaming to the level of a professional sport," Alex Lin, executive director of organisers Bluengine Holdings, said. Bluengine is holding Gamathon II across 25 of its franchised network gaming centres. "Singaporeans do have very good potential," Lin said, noting the USA and South Korea have professional full-time gamers. "We are all very familiar with computers and, in the region, we are a lot more advanced," Local Area Network (LAN) gaming centres have mushroomed in Singapore. Lin expects more than 500 centres in two years from today’s 250 and just four centres three years ago.

USA eyes Bangalore

The Massachusetts Institute of Technology’s Media Lab said it was talking with officials in India about forming an Asian version of the MIT technology incubator. Alex Pentland, the Media Lab’s academic head, said India had "tremendous, tremendous potential in terms of human intellect and human resources. But mostly that’s being utilised looking outward," he said, citing Bangalore, India, as a software programming hub for foreign corporations. The Media Lab, which has developed innovative technology products such as interactive toys and "wearable computers" — computers embedded in clothes — said an incubator could further spur entrepreneurship and address issues such as literacy and medical care.

— Agencies

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