Yerp ... That's so funny.
Here's Mike Butcher's commentary ...
Yahoo! Pulls! Euro! Auctions! eBay! Wins!
So they lost. After trying to face-off with eBay in Yerp (as Yahoo's Californian bods like to call it), Yahoo! is to close its online auction sites in Germany, the UK, France, Spain, Italy and Ireland. Like the Soviet Union versus the US of A, it just can't afford the war, and is pulling out in order to nurse its wounds after the slump in online advertising. The deal is that eBay will now pay Yahoo! an undisclosed sum in the "multiyear deal" to promote eBay's auction sites through banner ads, text links and other promotions in the markets it leaves behind.
"This is an outstanding move for Yahoo! Europe, both strategically and financially," said Mark Opzoomer, managing director of Yahoo! Europe in a Pathetic! statement. Yahoo auctions will stay on in the markets they think they are strongest - the highly lucrative and massively populated regions of Denmark, Sweden and Norway. *That's* the "outstanding" move?
Yahoo will shut its Internet auction sites in most of Europe
Wall Street Journal
Yahoo to close six European auction sites
By Paul Abrahams in Los Angeles, Financial Times
Yahoo Europe to Quit Online Auctions
By Bernhard Warner, European Internet Correspondent, Reuters
Thursday, May 23, 2002