Lycos auction site is going, going, gone

NEWS ISP Terra Lycos is to shelve its own auction site and join forces with eBay. The two companies have signed a five-year deal to co-market and manage the co-branded portal. Former Lycos partner Freemarket has been ousted as the ISP closes its old site. In a statement, eBay welcomed the deal, saying Lycos will help generate exposure and traffic for eBay. The deal comes just a week after eBay competitor QXL stamped a portal agreement with Microsoft. Under that deal QXL will operate on the .NET platform while Microsoft will feature QXL services on its XP operating system.