Yahoo! now plans to make some of its sponsor tickets available as gifts to those who had been unable to buy them. Moreover, Yahoo! Inc. will also close most of its European auction operations and promote rival eBay's Inc. instead, the Wall Street Journal reported on its online edition last week. Yahoo! is expected to suspend its auction sites in United Kingdom, Ireland, France, Germany, Italy and Spain within the next six weeks as part of an agreement with eBay, the market leader in auction sites in the region, the Journal said. According to the publication, Yahoo! ranks a distant third place in the European auction market but it will keep its Denmark, Sweden and Norway operations where the company believes it has a stronger position. The site, eBay, will pay Yahoo! an
undisclosed sum over the course of a multiyear deal to promote eBay's
auction sites through banner ads, text links and other promotions.
Officials from both companies were not available for comment. |
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