Yahoo to Shutter Australian Auction Site

Yahoo will close its Australia-focused online auction business, Sold.com.au, on Aug. 20, in a move that will leave the market solely to dominant player eBay…Yahoo Australia & NZ bought Sold.com.au from Australia-based F2, the Fairfax Interactive Network, for $15.63 million (AU$24 million) in early 2001, but the business failed to make an effect in the massive online-auctions market.

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