Yahoo Australia and New Zealand has confirmed the takeover of Fairfax-owned auction portal, Sold.com.au, ending widespread industry speculation.
Following Australian cricket legend Sir Donald Bradman's memorial service on Sunday, Yahoo Australia & NZ auction site SOLD.com.au is hosting a charity auction of the cricketer's memoribilia, with some bids already hitting a six since first innings yesterday.
Yahoo refuses to confirm industry speculation that it's set to buy Australian online auction site, Sold.com.au.
As Yahoo in the US gears up for the introduction of a high-speed Internet service with telco giant SBC Communications, the portal's Australian arm is keeping its eyes open for similar revenue diversification opportunities.
Fairfax has announced a AU$21.9 million dollar half year loss for its f2 online division, a day after it sold its online auction site, SOLD.com.au.
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