Fairmarket is open for bidding
The formation of the FairMarket Auction Network, as the alliance is called, was announced Friday.
Microsoft invests in FairMarket
As key members of the alliance, FairMarket said it would
receive investments from Microsoft (Nasdaq:MSFT)
, Excite@Home and
Ticketmaster. Financial terms of the investments were not
disclosed.
The network is comprised of nearly 100 member sites, including Lycos Inc. (Nasdaq:LCOS) , XOOM.com Inc., ZDNet (Nasdaq:ZDZ) , Dell Computer Corp. (Nasdaq:DELL) , CompUSA Inc., PBS Online, CBS SportsLine, Boston.com and VH1.com. ZDNet publishes ZDNN.
Auctions interconnected
The FairMarket Auction Network connects all these sites to
form a single database of goods and services that is shared
across the network.
For example, a customer looking for a Dell computer through an MSN.com auction will also see merchandise from Dell's own auction site , as well as listings from individuals who might be selling goods through another FairMarket Auction Network site.
FairMarket provides the software and networking capabilities that fuel the network.